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Straight bank loan. Left Bank has a standing rate of 7.6% (APR) for all bank loans and requires monthly payments. What is the monthly

Straight bank loan. Left Bank has a standing rate of 7.6% (APR) for all bank loans and requires monthly payments. What is the monthly payment if a loan is for (a) $130,000 for 4 years, (b) $260,000 for 10 years, or (c) $1,050,000 for 25 years? What is the effective annual rate of each of these loans? ***

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