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5, in order to pay for school, you borrow $25,000 today at 9% per year compounded monthly. You do not start making payments until the

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5, in order to pay for school, you borrow $25,000 today at 9% per year compounded monthly. You do not start making payments until the end of the first month following year 5, and you intend to have it completely paid off by the end of year 9. a) What are your monthly payments during years 6, 7,8 and 9? b) How much interest is in the first payment

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