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Homework: Section 8.5-8.6 Question 1, 8.5.4 HW Score: 50%, 3 of 6 points Assignment Part 2 of 3 X Points: 0 of 1 Save Given

Homework: Section 8.5-8.6 Question 1, 8.5.4 HW Score: 50%, 3 of 6 points Assignment Part 2 of 3 X Points: 0 of 1 Save Given a loan amount P, an annual interest rate r, and the length of the loan in years, find the monthly payment R necessary to pay off the loan by completing parts a through c. Represent the number of monthly payments by n. Amount Rate Time $60,000 5% 25 years a. Calculate P|1 + 12 and call this number A A= 208877 63 (Round to two decimal places as needed.) b. Calculate and call this number B 12 B =(Round to two decimal places as needed) X More

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