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1. A loan of $14100.00 is amortized over 11 years by equal monthly payments at 5.4% compounded monthly. a) Calculate the size of the monthly

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1. A loan of $14100.00 is amortized over 11 years by equal monthly payments at 5.4% compounded monthly. a) Calculate the size of the monthly payments. b) Construct an amortization table. c) Calculate the outstanding balance after three payments. d) Calculate the outstanding balance after 4 years? e) Calculate the outstanding balance after 6 years

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