business loan is taken out for $498,000 for 16 years at 7.7% interest. What are the monthly payments for the loan? Monthly Payment = $ (Give your answer rounded to the nearest hundredth)
business loan is taken out for $498,000 for 16 years at 7.7% interest. What are the monthly payments for the loan? Monthly Payment = $ (Give your answer rounded to the nearest hundredth)
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section: Chapter Questions
Problem 66E
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A business loan is taken out for $498,000 for 16 years at 7.7% interest. What are the monthly payments for the loan?
Monthly Payment = $
(Give your answer rounded to the nearest hundredth)
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