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PLEASE SOLVE ALL 4 PARTS THANK YOU! Straight bank loan. Right Bank offers EAR loans of 9.04% and requires a monthly payment on all loans.
PLEASE SOLVE ALL 4 PARTS THANK YOU!
Straight bank loan. Right Bank offers EAR loans of 9.04% and requires a monthly payment on all loans. What is the APR for these monthly loans? What is the monthly payment for a loan of (a) $245,000 for 7 years, (b) $475,000 for 14 years, or (c) $1,500,000 for 30 yearsStep by Step Solution
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