Find the periodic payment R required to amortize a loan
of P dollars over t years...
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Advance Math
Find the periodic payment R required to amortize a loanof P dollars over t years with interest chargedat the rate of r%/year compounded m times a year.(Round your answer to the nearest cent.)
a. P = 50,000, r = 4, t = 15,m = 4
b. P = 90,000, r = 3.5,t = 17, m = 12'
c. P = 120,000, r = 5.5,t = 29, m = 4
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