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Habib Bank makes a loan of $1000000 for a term of 8 years at an interest rate of 7.55% compounded 2 times per year. The

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Habib Bank makes a loan of $1000000 for a term of 8 years at an interest rate of 7.55% compounded 2 times per year. The loan will be repaid with level payments at the end of each month. a) What are the level payments? b) If Habib Bank does not re-invest the loan payments, how much money will they have at the end of 8 years? c) If Habib Bank re-invests the loan payments each month in an account earning 2.15% (compounded 2 times per year), how much money will they have

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