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A borrower obtains a fully amortizing CPM loan for $ 1 4 1 , 0 0 0 at 6 percent interest for 1 0 years.
A borrower obtains a fully amortizing CPM loan for $ at percent interest for years.
Required:
a What will be the monthly payment on the loan?
b If this loan had a maturity of years, what would be the monthly payment?
For all requirements, do not round intermediate calculations. round your final answers to decimal places.
tablea Monthly payment yearsb Monthly payment years
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