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29-11-2020
Mathematics

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10,000 loan, I detest rate 5.6 for 5 years. What is monthly payment?

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100percentabaddie 100percentabaddie

29-11-2020

Answer:

Your monthly payment on a personal loan of $10,000 at a 5.6% interest rate over a 5-year term would be $191. You would pay $1,488 in total interest over the life of this loan.

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