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1. Jeremiah has 3 years to repay a $55000 personal loan at 6.55% per year, compounded monthly. [ 5 ] a. Calculate the monthly payment

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1. Jeremiah has 3 years to repay a $55000 personal loan at 6.55% per year, compounded monthly. [ 5 ] a. Calculate the monthly payment and show all variables used for TVM Solver. b. Calculate the total amount Jeremiah ends up paying. c. Calculate the amount of interest Jeremiah will pay over the life of the loan

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