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How much will she owe on her loan after 4 years of payments

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Reference no: EM132352340

Tai consolidated her outstanding debt into a low-interest personal loan of $50,000 at a rate of 6% compounded monthly (j12) for a term of 10 years.

How much will she owe on her loan after 4 years of payments?

When calculating he original payment, round it up to the next cent before proceeding to the balance calculation.

Reference no: EM132352340

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