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Assuming a personal loan of $50,000 at an interest rate of 8.50 %, amortised over 5...

Assuming a personal loan of $50,000 at an interest rate of 8.50 %, amortised over 5 years with monthly payments,

calculate the balance at the end of 3 years.

Solutions

Expert Solution

Balance after 3 years or after 36 months is 22567.62

Calc:-

jeff jeffy answered 2 years ago
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