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only answer second question Question 6 Elght years ago, you took out a loan for 100.000 at an interest rate of 1296 compounded monthly. The
only answer second question
Question 6 Elght years ago, you took out a loan for 100.000 at an interest rate of 1296 compounded monthly. The loan was for 20 years, and you make monthly payments of $1.101.09 each month. What is the current balance on the loan today? O 67.747 09.176 83,834 O 60,000 Question 7 Five years ago, you took out a loan for 200,000 at an interest rate of 12% compounded monthly. The loan was for 10 years, and you make monthly payments of $2,869.42 each month, and your current balance is $128.995. How much principle will you repay with the next payment? 1,579.47 O 1,289.95 638.14 0 2,146.37 Step by Step Solution
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