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LOAN DATA Loan Amount Term in months 72 5.0% First payment is due at signing and all following payments are due at the beginning of
LOAN DATA Loan Amount Term in months 72 5.0% First payment is due at signing and all following payments are due at the beginning of the accrual period Based on the loan data, what is the monthly payment? (14 Points) Based on the loan data, what is the interest payment for the second payment?(14 Points) Based on the loan data, what is the amount applied to principle for the 36th payment? (14 Points) Based on the loan data, what is the cumulative interest paid on the loan? 1(14 Points)
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