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Mary Smith took a car loan of $15,000 to pay back in 60 monthly installments at an interest rate of 12% on the understanding that

Mary Smith took a car loan of $15,000 to pay back in 60 monthly installments at an interest rate of 12% on the understanding that the interest rate may be changed sometime in the future. Compute.

the monthly payment for Mary
the loan balance immediately after the 24^th payment
the monthly payment for the remainder of the loan if the interest rate is reduced to 9%

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