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11. A $14,000 loan at 6% compounded monthly is repaid by monthly payments over four years. c. Calculate the interest portion of the 33rd payment.

11. A $14,000 loan at 6% compounded monthly is repaid by monthly payments over four years. c. Calculate the interest portion of the 33rd payment. d. Calculate the total interest paid in the second year. e. Calculate the principal portion of the payments in the third year.

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