A man borrowed $500 from a bank on October15th. He must
Chapter , Problem 4-34(choose chapter or problem)
A man borrowed $500 from a bank on October15th. He must repay the loan in 16 equal monthlypayments, due on the 15thof each month, begin-ning November 15th. If interest is computed at 1%per month, how much must he pay each month?
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