Remaining debt at the end of two years of these payments

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Reference no: EM131450398

What monthly payments (made at the end of the month) would a bank demand if you were to borrow $50,000, to be repaid over three years, if the interest that is charged is 16% compounded quarterly? What would be your remaining debt at the end of two years of these payments?

Reference no: EM131450398

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