Calculate a monthly PMT for a $2.1 Million loan over 20 years at 9.30% annual interest. Group of answer choices $19,301.31 $19,582.18 $16,275.00 $234,986.16
Added by Victor Manuel A.
Step 1
Monthly interest rate = Annual interest rate / 12 Monthly interest rate = 9.30% / 12 Monthly interest rate = 0.775% Show more…
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