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For a loan of $200,000, at 5 percent annual interest for 30 years: (a) Find the loan repayment assuming monthly payments. Show your work. (b)

For a loan of $200,000, at 5 percent annual interest for 30 years:

(a) Find the loan repayment assuming monthly payments. Show your work.

(b) Find the loan balance (remaining balance) at the end of 20 years assuming monthly payments.

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