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Barbara borrowed $ 1 2 0 0 0 . 0 0 from the bank at 9 % compounded monthly. The loan is amortized with end
Barbara borrowed $ from the bank at compounded monthly. The loan is amortized with endofmonth payments over five years.
a Find the monthley payment.
b Calculate the interest payed in the th payment.
c Calculate the principal repaid in the th payment.
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