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8.2 Loan Calculations II offer 15.-year loans. Ofisinot uncommon, to borrow $100,000 or more to purchase a home. Banks typically a. Calculate the monthly loan

8.2 Loan Calculations II offer 15.-year loans. Ofisinot uncommon, to borrow $100,000 or more to purchase a home. Banks typically a. Calculate the monthly loan payment to repay a $100,000 home loan ar 7% APR over 30 years. . b. How much more must be paid each month to pay off the loan in 15 years? 2. A 8.2 Loan Calculations II 30-Year Loan 15-Year Loan Principal: Rate (APR): Term: Npayments: Rate per Month: Payment: Additional Amount

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