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Given a loan amount P an annual interest rate r and the length of the...

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Basic Math

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Given a loan amount P an annual interest rate r and the length of the loan in years find the monthly payment R necessary to pay off the loan by completing parts a through c Represent t number of monthly payments by n Amount 120 000 n a Calculate P1 Rate 9 Time 15 years P 2 12 A Round to two decimal places as needed and call this number A

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