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A $80,000 loan is taken out for 13 years at a 12% annual interest rate. Calculate the scheduled loan payments and the total interest paid

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A $80,000 loan is taken out for 13 years at a 12% annual interest rate. Calculate the scheduled loan payments and the total interest paid in 13 years for each of the following scenarios where interest is charged (compounded) and the loan payments are made on an: a. Annual basis b. Semi-annual basis c. Quarterly basis d. Monthly basis e. Daily basis

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