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1.What is the size of payment needed to pay off the following loan scenarios? a)$180,000 principal, monthly payments, 6% interest, 15 year term. b)$180,000 principal,

1.What is the size of payment needed to pay off the following loan scenarios?

a)$180,000 principal, monthly payments, 6% interest, 15 year term.

b)$180,000 principal, annual payments, 6% interest, 30 year term.

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