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Carl used the amortization formula to calculate his monthly payment on a loan. He will pay $318.51 each month over the course of ten years.

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Carl used the amortization formula to calculate his monthly payment on a loan. He will pay $318.51 each month over the course of ten years. The interest rate is 1.2%. What was the amount of Carl's loan? A=p+(+7)" (1+r) -1 $19.000 $36.000 $120.000 $157,000 TURN ITIN An insurance company uses the table below to help determine premiums for customers. Suppose the customer is an 18- year-old male who drives fewer than 100 miles a week and has two speeding tickets. What is his monthly premium? (The base rate for the policy is $80 per driver.) Age Gender Miles Driven per week Number of Tickets +$10 for each year under 20 $10 for males 0-100 miles $10 +$10 for each ticket 101-200 miles $20 More than 200 +$30 $100 $120 $140 $160 Activate w Go to Settings

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