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11. Joey got a loan from the bank. This loan is for $8.000 dollars and needs to be paid off in 3 equal monthly payments

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11. Joey got a loan from the bank. This loan is for $8.000 dollars and needs to be paid off in 3 equal monthly payments made at the end of each month, at an annual interest rate of 10% compounded monthly: (7 points) What is the amount of each payment? b. Build the amortization table using gradual amortization. Month Payment Interest Principal Amount owed

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