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Please help! Score: 0 of 10 pts 2 of 6 (1 completo) HW Score: 16.67%, 10 of 60 pts P15-3 (similar to) Question Help Straight

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Score: 0 of 10 pts 2 of 6 (1 completo) HW Score: 16.67%, 10 of 60 pts P15-3 (similar to) Question Help 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) $120,000 for 4 years. (b) $280,000 for 8 years, or (e) $1,500,000 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 $120,000 for 4 years? s(Round to the nearest cent.)

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