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SteveS, MBA
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I borrow $2000 for a TV. The interest rate is 14% per year

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I borrow $2000 for a TV. The interest rate is 14% per year compounded monthly for 2 year. What are your monthly payuments and what have you really paid for the television? Please explain the formulas to me. Thank you
Submitted: 6 years ago.
Category: Homework
Expert:  SteveS replied 6 years ago.

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