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A bank is offering you a loan of $10,000 for 10 years with monthly payments. The stated interest rate (APR) is 9.7%. After paying your
A bank is offering you a loan of $10,000 for 10 years with monthly payments. The stated interest rate (APR) is 9.7%. After paying your loan for 5 years, you still owe the bank $ A bank is offering you a loan of $10,000 for 10 years. The stated interest rate (APR) is 7.6%. (Keep two If this is an amortized loan with monthly payment, your payment is $ decimal numbers.)
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