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c-15 q-4 need help with all 4 parts Straight bank loan.Right Bank offers EAR loans of 9.15% and requires a monthly payment on all loans.
c-15 q-4 need help with all 4 parts
Straight bank loan.Right Bank offers EAR loans of 9.15% and requires a monthly payment on all loans. What is the APR for these monthly loans? What is the monthly payment for a loan of (a)$215,000 for 5 years, (b $440,000 for 14 years, or (c) $1,050,000 for 32 years?
What is the APR for these monthly loans?
(Round to three decimal places.)
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