This question requires application of PV of annuity formula
PV =
n = 6 * 12 = 72 months, r = 5.75%/12 = 0.4792% (monthly)
72650 = P * 60.77131
P = $1195.47
3. You are delinquent on your accounts payable balance. You've agreed to a 6 year monthly...
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