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Maria borrowed money from a bank to invest in the stock market. She took out a personal, amortized loan for $ 2 5 , 5
Maria borrowed money from a bank to invest in the stock market.
She took out a personal, amortized loan for $ at an interest rate of with monthly payments for a term of year.
For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas.
a Find Maria's monthly payment.
$
b If Maria pays the monthly payment each month for the full term, find her total amount to repay the loan.
c If Maria pays the monthly payment each month for the full term, find the total amount of interest she will pay.
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