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Manexa Corporation borrowed $ 7 1 , 0 0 0 . 0 0 at 1 0 % compounded monthly for 1 2 years to buy
Manexa Corporation borrowed $ at compounded monthly for years to buy a warehouse. Equal payments are made at the end of every montha Determine the size of the monthly payments.b Compute the interest included in payment c Determine the principal repaid in payment period d Construct a partial amortization schedule showing details of the first three payments, the last three payments, and totals.
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