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0 of 2 pts 9 of 12 (8 complete) HW Score: 65.52%, 19 of ..4.40-BE Assigned Media Question Help 0 Help Me Solve This Question

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0 of 2 pts 9 of 12 (8 complete) HW Score: 65.52%, 19 of ..4.40-BE Assigned Media Question Help 0 Help Me Solve This Question Help A new employee charged $4380 on his credit card to relocate for his first job. After noticing that the interest rate for his balance was 15% compounded monthly, he stopped charging on that account. He wishes to pay off his balance in 3 years using automatic payments sent at the end of each month. a. What monthly payment must he make to pay off the account at the end of 3 years? b. How much total interest will he have paid? a. Recall that a loan of PV dollars at interest rate i per period may be amortized in n equal periodic payments of PMT dollars, where PV-i PMT= 1-(1+1) " and each payment is made at the end of the period. First, find the interest rate per period (the monthly interest rate), expressed as a decimal. i= 0.15 (Type an integer or a decimal.) Enter your answer in the answer box and then click Check Answer. Ente 7 Parts Clear All Check Answer Close remaining remaining esc

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