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A man has borrowed $100,000 to purchase a new home. The interest rate is fixed at 18% compounded monthly over the 25-year life of the

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A man has borrowed $100,000 to purchase a new home. The interest rate is fixed at 18% compounded monthly over the 25-year life of the loan. Find the remaining balance on the loan immediately after the payments listed. Also, find the amount of interest that compromises the payments listed. a- Payment 30 b- Payment 46

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