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You borrow $4000 from the bank at 3% annual interest compounded monthly. The monthly payment is $200. What is the balance after the third payment?

You borrow $4000 from the bank at 3% annual interest compounded monthly. The monthly payment is $200. What is the balance after the third payment?
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2 votes
You borrow $4000 from the bank at 3% annual interest compounded monthly. The monthly payment is $200. What is the balance after the third payment?

asked
User JBirdVegas
by
8.7k points

1 Answer

7 votes

...........

............

.........

answered
User Levitikon
by
8.9k points
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