document.write( "Question 1200937: What monthly payment is required to amortize a loan of $50,000 over 10 years if interest at the rate of 6%/year is charged on the unpaid balance and interest calculations are made at the end of each month? (Round your answer to the nearest cent. \n" ); document.write( "
Algebra.Com's Answer #835184 by Theo(13342)\"\" \"About 
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555.10 needs to be paid at the end of each month.
\n" ); document.write( "interest rate is 6/12 = .5% per month.
\n" ); document.write( "number of months is 10 years * 12 = 120.
\n" ); document.write( "payment is made at the end of each momth.
\n" ); document.write( "present value is positive because it's money you received.
\n" ); document.write( "payment is negative because it's money you paid out.
\n" ); document.write( "here are the resutls from using the calculator at https://arachnoid.com/finance/\r
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