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Eve borrows $11000 today. The loan is to repaid by monthly payments of $320, the first payment is due one year from today. If j12

Eve borrows $11000 today. The loan is to repaid by monthly payments of $320, the first payment is due one year from today. If j12 = 9.6%, determine each of the following:

(a) The number of full payments required.

(b) The size of the final smaller payment.

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