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Please show all stepts A young engineer calculated that monthly payments of $A are required to pay off a $3,000 loan for n years at
Please show all stepts
A young engineer calculated that monthly payments of $A are required to pay off a $3,000 loan for n years at i% interest, compounded annually. If the engineer decides to borrow $9,000 instead with the same n and i%, her monthly payments will be $3A. A. True B. False C. Cannot be determined without knowing the value of n and i D. Cannot be determined without knowing the value of n or
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