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Consider the following loan. An individual borrowed $72,000 at an APR of 4%, which will be paid off with monthly payments of $436 for 20
Consider the following loan. An individual borrowed $72,000 at an APR of 4%, which will be paid off with monthly payments of $436 for 20 years. Identify the amount borrowed, the annual interest rate, the number of payments per year, the loan term, and the payment amount
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