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4 Jacquleen needed a new $75,000 Corvette. She intends to take advantage of the favorable interest rates and borrow the entire amount at an annual

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4 Jacquleen needed a new $75,000 Corvette. She intends to take advantage of the favorable interest rates and borrow the entire amount at an annual interest rate of 9% over a period of three years, payable in monthly installments. a Compute the amount of the monthly payment b Prepare a loan amortization schedule for the first three payments

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