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(1 point) A $14000 loan is to repaid by monthly payments of $350, the first payment is due in one year's time. If interest is
(1 point) A $14000 loan is to repaid by monthly payments of $350, the first payment is due in one year's time. If interest is charged at a rate of j12 = 9.4%, determine the number of regular monthly payments and the size of the final larger payment. a)Number of payments: 48 b)Final larger payment: $ 392.10
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