A car enthusiast likes to purchase a supercar by taking out a loan of 1000000 TL to be amortized over 12 years subject to 26,4 % interest compounded monthly. The loan is to be paid back by making...

plz solve it within 30-40 mins I'll give you multiple upvoteA car enthusiast likes to purchase a supercar by<br>taking out a loan of 1000000 TL to be amortized<br>over 12 years subject to 26,4 % interest<br>compounded monthly. The loan is to be paid back<br>by making monthly payments. How much is each<br>payment?<br>

Extracted text: A car enthusiast likes to purchase a supercar by taking out a loan of 1000000 TL to be amortized over 12 years subject to 26,4 % interest compounded monthly. The loan is to be paid back by making monthly payments. How much is each payment?

Jun 10, 2022
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