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consider a loan of $5000 with an APR of 9% and a loan term of 10 years. Use technology to construct a table showing the
consider a loan of $5000 with an APR of 9% and a loan term of 10 years. Use technology to construct a table showing the interest payment and loan balance after each month. verify that with monthly payments of $63.34, the loan balance reaches $0 after 120 months
(Do not round until the final answer. Then round to the nearest cent as needed.) Month Interest Principal Balance 0 $5000.00 1 $ 37.50 $25.84 $ 4974.16 2 $ 37.31 $26.03 $ 4948.13 119 $ $ $ 120 $ $ $10 Step by Step Solution
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