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All of them please QUESTION 1 Mary took a car loan of S8,706 to pay back in 60 monthly installments at an APR of 11%
All of them please
QUESTION 1 Mary took a car loan of S8,706 to pay back in 60 monthly installments at an APR of 11% with the understanding that the loan interest would decrease at some point in the future. How much is the loan balance after Mary's 11th payment? QUESTION 2 Assume the following loan details: P: $300,000 Monthly payment: S1467.05 i = 0.35% monthly 30 year term What is the principal paid in month 150? QUESTION 3 Mary took a car loan of $8.934 to pay back in 60 monthly installments at an APR of 11% with the understanding that the loan interest would decrease at some point in the future. What would be the new monthly payment if the loan interest changed to 8% APR after Mary's 17th payment? QUESTION 4 Assume the following loan details: P: $300,000 Monthly payment: $1467.05 i = 0.35% monthly 30 year term What is the balance on the loan at the end of month 30Step by Step Solution
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