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Justin took out a loan for $12,600 from Scotiabank at 4.93% compounded monthly, and will be making payments at the end of the month for

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Justin took out a loan for $12,600 from Scotiabank at 4.93% compounded monthly, and will be making payments at the end of the month for the next 11.5 years to repay the loan. Answer the following questions, and round all answers to two decimal places if necessary. 1) What is the amount of each payment? PN = C/Y N- 1/Y % PV - $ PMT - $ FV-$ 2) What is the total sum of money that Justin will eventually pay to clear the loan? Total amount paid = $ (enter a positive value) 3) What will be the total interest amount paid? Interest paid = $ (enter a positive value)

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