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1.What is the size of payment needed to pay off the following loan scenarios? a)$225,000 principal, monthly payments, 4% interest, 15 year term. $225,000 principal,

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

a)$225,000 principal, monthly payments, 4% interest, 15 year term.

$225,000 principal, annual payments, 4.5% interest, 30 year term

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