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help 1. To make some home improvements you decide to take out a loan of $25,000 at 4.1 percent interest with a 5-year term. You
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1. To make some home improvements you decide to take out a loan of $25,000 at 4.1 percent interest with a 5-year term. You may verify your results with calculator or with the spreadsheet you created but you must still show your work. 2. What will be your monthly payment? b. How much total interest will you pay in the first year? c. If you decide to pay the balance after 3 years, how much would you have to pay? d. What would be the total interest paid over the life of the loan Step by Step Solution
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