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4. (a) Define an amortized loan and give two common examples. (b) If you take a 5-year $20,000 loan to finance a car purchase at

4. (a) Define an amortized loan and give two common examples. (b) If you take a 5-year $20,000 loan to finance a car purchase at 6% annual interest rate, what would be the monthly payment on this loan

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