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8. A loan for a new tractor is to be simple interest. The rate is 7.2% for 6 years on $43,400. How much should each

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8. A loan for a new tractor is to be simple interest. The rate is 7.2% for 6 years on $43,400. How much should each payment be? 10 points 9. You make an offer of $324,000 on a house and it is accepted. You receive a loan of 6.5% for 30 years. 15 points a. What is your monthly payment? b. How much total will you pay back? c. How much interest will you pay

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