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Question: Suppose you want to borrow $110,000 and you find a bank offering a 20-year loan with an APR of 7%. a. Find your regular

Question: Suppose you want to borrow $110,000 and you find a bank offering a 20-year loan with an APR of 7%. a. Find your regular payments if you pay n=1, 12, 26, 52 times a year. b. Compute the total payout for each of the loans in part (a).

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