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Consider the following loan, Complete parts (a) (c) below. An individual botrowed $80,000 at an APR of 3%, which will be paid off with monthly

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Consider the following loan, Complete parts (a) (c) below. An individual botrowed $80,000 at an APR of 3%, which will be paid off with monthly payments of $414 for 22 years: a. Identify the amount borrowed, the annual interest rale, the number of payments per year, the loan term, and the payment amount The amount borrowed is $ the annual interest rate is 4 , the number of payments per yoar 15 the foan torm is years: and the payment amount is 5

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