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a 14000 loan at 6% compounded monthly is repaid by monthly payments over four years. a) what is the size of the monthly payment? b)

a 14000 loan at 6% compounded monthly is repaid by monthly payments over four years.

a) what is the size of the monthly payment?

b) calculate the principle portion of the 25th payment

c) calculate the principle portion of the 33rd payment

d) calculate the total interest paid in the second year

e) calculate the principal portion of the payments in the third year

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