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allocated resources overtime ? 6. You are taking out a s120.000 mortgage loan to be repaid over 30 years in 360 monthly payments. a) If

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allocated resources overtime ?

6. You are taking out a s120.000 mortgage loan to be repaid over 30 years in 360 monthly payments. a) If interest rate is 12% a year, what is the amount of monthly payments? b) If you can only afford to pay $1,000 per month, how large a loan could you take

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