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3) A loan of $52,600 is to be amortized by monthly payments of $1000, if the interest rate is 10.8% compounded monthly? A. How much

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3) A loan of $52,600 is to be amortized by monthly payments of $1000, if the interest rate is 10.8% compounded monthly? A. How much prineipal will be repaid by the first payment. B. How much interest will be repaid in the second payment. c. What is the outstanding principal balance after third payment

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