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Question 12 1 pts A loan of $75,000 is repaid using the amortization method by monthly payments at the end of each month for 10

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Question 12 1 pts A loan of $75,000 is repaid using the amortization method by monthly payments at the end of each month for 10 years. The nominal rate of interest convertible monthly is 8% per year. You may assume that R=0. 6a. Find the monthly payment. payment=$ 6b. Compute he balance at the end of the 5th year after the payment has been made. balance = $ 6c. Find the amount of the interest and principal repaid in the 100th payment. interest = $ amount to principal = $

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