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Total Cost (Monthly Payments) = (P) (N)

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## Total Cost (Monthly Payments) = (P) (N)

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**(**) (i/12)(1+i/12)N Total Cost (Monthly Payments) = (P) (N) (1+i/12)N - 1 Total Cost = ( ) (i/24)(1+i/24)N Total Cost (Bi-monthly Payments) = (P) (N) (1+i/12)N - 1 Total Cost =