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9. Suppose you borrow $100,000 today, and you plan to repay the loan in 360 equal installments over a period of 30 years (the first

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9. Suppose you borrow $100,000 today, and you plan to repay the loan in 360 equal installments over a period of 30 years (the first payment will be due a month from today). The APR for this loan is 8%. How large are your monthly payments

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