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4 . 2 7 . ) Betty Freed borrowed $ 5 0 , 0 0 0 for 1 5 years and agreed to pay 1

4.27.) Betty Freed borrowed $50,000 for 15years and agreed to pay 10 percent monthly
on the loan.
a. How much is each monthly payment?
b. How much total interest will Ms. Freed pay over the life of the loan?
c.How much is each monhtly payment if it was 10 years instead?

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