Homework Answers
Answer
A=PV*(A|P,i,n)
A=monethly payment
i=monethly interest rate =nominal annual interest rate /12=9/12=0.75%=r
n=number of moneths =48
A=33000*(A|P,0.75%,48)
A=33000*0.024885042373934033
A=821.206398
The monthly payment is $821.21
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