Solved: To find the amount of each installment payment for a loan, Mathematics

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To find the amount of each installment payment for a loan

Question: To find the amount of each installment payment for a loan, use the formula , where p is the installment payment, T is the total of installment payments, and N is the number of payments. Solve the formula to find the total of installment payments.

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Mathematics: To find the amount of each installment payment for a loan

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