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July 30, 2014

July 30, 2014

Posted by **Alicia** on Saturday, January 15, 2011 at 8:27am.

- Math -
**Reiny**, Saturday, January 15, 2011 at 9:28amamount = payment [(1+i)^n - 1]/i

where i = .06/12 = .005

n = 5(12) = 60

payment = 100

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