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15. A student loan of $100.000 at a fixed APR of 6% for 20 years nent 16. A student loan of 524,000 at a fixed
15. A student loan of $100.000 at a fixed APR of 6% for 20 years nent 16. A student loan of 524,000 at a fixed APR of 7'% for 10 years US 17. A home mortgage of $400.000 with a fixed APR of 3.5% for on page? 30 years it the 18. A home mortgage of $150.090 with a fixed APR of 4% for 15 years 19. A home mortgage of $100.000 with a fixed APR of 3% for 15 years tor IS 20. A home mortgage of $200.000 with a fixed APR of 4% your or 30 years 21. You borrow $10,000 for a period of 3 years at a fixed APR interest 22. You borrow $10,000 for a period of 5 years at a fixed APR is of 795 of 0.5%. at 0%, 1 23. You borrow $150.000 for a period of 15 years at a fixed APR ODE Credit 24. You borrow $100.000 for a period of 30 years at a fixed APR lore of 25-26: Principal and Interest. For each of the following loans, make a ard that table (as in Example 2) showing the amounts of each monthly payment nd an that go toward principal and interest for the first 3 months of the loan he first 25. A home mortgage of $150,000 with a fixed APR of 4% for 30 years 26. A student loan of $24,000 at a fixed APR of 8% for 15 years d an 27. Choosing a Personal Lean. You need to borrow $15,000 to buy a car. I car, and you determine that you can afford monthly payments within of $325. The bank offers three choices a 3-year loan at 76 APR, a 4-year loan at 7 5% APR. or a 5-year loan at 8% APR Which loan best meets your needs? Explain your reasoning SC to
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