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Question 16 8 pts Amortize a 30-year, $120,000 loan with end-of-month payments. The APR is 6%. Which of the following statements is (are) correct? (Choose
Question 16 8 pts Amortize a 30-year, $120,000 loan with end-of-month payments. The APR is 6%. Which of the following statements is (are) correct? (Choose all that are correct). A The ending loan balance after three payments (3 months) is $119,721.34 (within a dollar). The monthly payment on the loan is $719.46 (within a dollar). Total interest paid over the life of the loan is $139,005.85 (within a dollar), The effective interest rate on the loan is 6.35%. The interest portion of the last payment on the loan is $3.58 (within $0.10)
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