ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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You borrow $70,000 to build a house. The interest rate on your loan is 1% per month and you will make a total of 36 monthly payments. What is your monthly payment? a. $1372 b. $1568 c. $2324 d. $2656
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