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~
~
T
Z
V
Find the monthly pa
y
ment on a 30 year 1360 paymen
t
),
$30,000 loan hav tng an annual interest of
6%
L005/month).
Monthly Payment
=
Principal x Monthly
Interest
Rate
1
-
[11(
1
+ Monthly
Interest Rme)PaymentsJ
30,000 x
.005
1 - [1111.oo5)360J
>50
>50
150
>50
>50
150
150
>50
>50
>50
30000 30000
150
360
360
>50
150
>50
>50
X
30000. 30000,
.005
150.
1.
1. 360. 360. 1.005
6.0225 .16601 .83395
17986
]
KEY
30000
0
.005
£I
D
360
D
1.005
III
m
1:1
G
RESULT
•
•
0
j
0
z
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