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Q5: Jane took out a 10-year loan for $96,563 from her local bank at an annual rate of 9%. If she plans to make monthly
Q5: Jane took out a 10-year loan for $96,563 from her local bank at an annual rate of 9%. If she plans to make monthly payments, how much will each payment be?
Q6: John took out a 11-year loan for $69,389 from his local bank at an annual rate of 8.9%. If he plans to make weekly payments, how much will each payment be?
**Please help me with these ASAP for my math assignment due at 11:59 PM.**
Question 5 1 pts Jane took out a 10-year loan for $96,563 from her local bank at an annual rate of 9%. If she plans to make monthly payments, how much will each payment be? Round your answer to the nearest dollar. Question 6 1 pts John took out a 11-year loan for $69,389 from his local bank at an annual rate of 8.9%. If he plans to make weekly payments, how much will each payment be? Round your answer to the nearest dollarStep by Step Solution
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