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Loans, Part III: Time After Time. In this part of the project, you will be examining how the length of time planned to pay off

Loans, Part III: Time After Time.
In this part of the project, you will be examining how the length of time planned to pay off a loan (called the term to the loan) affects the loan payments.
F. Frankie is going to take out a $10,000 loan at 3.6% APR with monthly payments.
15. If the loan is to be repaid over 10 years, what will Frankies monthly payments be?(Round up to the cent.)
How much will they pay over the life of the loan?
16. If the loan is to be repaid over 15 years, what will Frankies monthly payments be?
(Round up to the cent.)
How much will they pay over the life if the loan?
17. If the loan is to be repaid over 20 years, what will Frankies monthly payments be?
(Round up to the cent.)
How much will they pay over the life of the loan?
18. If the loan is to be repaid over 25 years, what will Frankies monthly payments be?
(Round up to the cent.)
How much will they pay over the life of the loan?

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