A loan of $734 is to be paid off, but payments will not be able...
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Accounting
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A loan of $734 is to be paid off, but payments will not be able to commence until one year from now. At that time, payments will begin immediately and be paid off with 6 monthly payments. If interest is accrued at 6% compounded monthly, how much are the payments?
A loan of $734 is to be paid off, but payments will not be able to commence until one year from now. At that time, payments will begin immediately and be paid off with 6 monthly payments. If interest is accrued at 6% compounded monthly, how much are the payments?
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