ASAP. Use 2 decimal places for the final answer 3. If I loaned 167,569 today and promised to pay it back after 5 years to the bank with monthly payments that starts also by the time I received my loaned amount with an interest rate of 0.13 compounded monthly. What is the monthly amount must set aside to pay for this loan?

ASAP. Use 2 decimal places for the final answer 3. If I loaned 167,569 today and promised to pay it back after 5 years to the bank with monthly payments that starts also by the time I received my loaned amount with an interest rate of 0.13 compounded monthly. What is the monthly amount must set aside to pay for this loan?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 18P

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