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A local business received a $42,500 loan at 3.30% compounded monthly. The business settled the loan with quarterly payments of $825. a. How many payments

A local business received a $42,500 loan at 3.30% compounded monthly. The business settled the loan with quarterly payments of $825.

a. How many payments are required to settle the loan?

Round up to the nearest whole payment.

b. What was the interest portion of payment 23?

Round to the nearest cent

c. What was the size of the final payment?

Round to the nearest cent.

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