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Assume you have taken out a 23-year loan of $213,120 with an annual interest rate of 4.36%, compounded monthly. Determine each of the following. a.

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Assume you have taken out a 23-year loan of $213,120 with an annual interest rate of 4.36%, compounded monthly. Determine each of the following. a. The payment amount, to the nearest cent, on the given loan amount. Payment Amount = $ $ | b. The outstanding balance, to the nearest dollar, after 13 years. Outstanding Balance = $

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