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How much will the monthly payments? be

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The loan will be for $100,000 financed at a 8?% nominal annual interest rate. This loan will be paid off over 10 years with? end-of-month payments along with a $60, 000 ?lump-sum payment compounded annually at the end of year 10.

How much will the monthly payments? be?

Reference no: EM131908181

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