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Consider a $10,000 loan made at a 12 percent annual (nominal) rate of interest for 3 years. A) Calculate the constant monthly mortgage payments on

Consider a $10,000 loan made at a 12 percent annual (nominal) rate of interest for 3 years. A) Calculate the constant monthly mortgage payments on this loan, assuming it is to be fully amortized at the end of 3 years. Be sure to use the excel PMT function to calculate the monthly payment

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