Renamasyan Renamasyan

09-01-2017
Mathematics

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A $200,000 loan is to be repaid over 20 years in equal monthly installments of

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texaschic101 texaschic101

09-01-2017

there are 12 months in 1 yr......so in 20 years, there are (20 x 12) = 240 months.

200,000 / 240 = 833.33 per month

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