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Part 1 of 4 Save K Straight bank loan. Left Bank has a standing rate of 7.9% (APR) for all bank loans and requires

Part 1 of 4 Save K Straight bank loan. Left Bank has a standing rate of 7.9% (APR) for all bank loans and requires monthly payments. What is the monthly payment if a loan is for (a) $135,000 for 4 years, (b) $290,000 for 9 years, or (c) $1,150,000 for 24 years? What is the effective annual rate of each of these loans? (a) What is the monthly payment if a loan is for $135,000 for 4 years?

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