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Please answer and provide details. thank you! You take out a two-year loan for $500,000 at rate of 9% APR compounded monthly The bank decides

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You take out a two-year loan for $500,000 at rate of 9% APR compounded monthly The bank decides to let you skip every 12th payment. That is, you have payments in months 1 to 11 and 13 to 23, for a total of 22 payments. If the payments are all the same size, how big are the payments? N O $26,064 $24,827 O $26,069 $24.737

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