jaustin466u jaustin466u

14-06-2017
Mathematics

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If you make monthly payments of $1,000 for 10 years, determine the total payment over the lifetime of the loan.

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Aliwohaish12 Aliwohaish12

14-06-2017

Hi there
Payment per year
1,000×12months=12,000

total payment over the lifetime of the loan.
12,000×10years=120,000

Hope it helps

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