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A 12% loan with monthly payments for 30 years Would have 330 payments. Would have a rate of 1% per month. Would have payments greater

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A 12% loan with monthly payments for 30 years Would have 330 payments. Would have a rate of 1% per month. Would have payments greater than $1,000 each. Would be difficult to pay off in 30 years. Would have payments twice a year

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