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How calculate the size of the monthly payment

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Question 1: Jonah is planning on taking a loan of $32000to open a bubble tea shop and will repay it with amortised payments. he is considering two institutions to arrange the loan at bankville the loan will be repais with monthly payments over 4 years and interest is 3.8%compounded annually. Calculate the size of the monthly payment

Reference no: EM132589995

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