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| rev | Admin | (Created page with "A 15-year loan of 60,000 is to be repaid with payments of X at the end of each month based on an annual nominal interest rate of 7.5%, convertible monthly. When the loan balance is 49,893, the loan is refinanced at an annual nominal interest rate of 6.0%, convertible monthly. Payments remain at X and are paid at the end of each month for as long as necessary, with a smaller final payment. Calculate the total number of payments, including the smaller final payment. <ul...") | Nov 19'23 at 13:33 | +588 |