You borrow $48,000 at 8.8% compounded monthly. If you make monthly payments for 10 years, how much interest will you end up paying? Round your answer to two decimal places if rounding is necessary.
You borrow $48,000 at 8.8% compounded monthly. If you make monthly payments for 10 years, how much interest will you end up paying? Round your answer to two decimal places if rounding is necessary.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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You borrow $48,000 at 8.8% compounded monthly. If you make monthly payments for 10 years, how much interest will you end up paying? Round your answer to two decimal places if rounding is necessary.
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