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Right Bank offers EAR loans of 9.38% and requires a monthly payment on all loans. a. What is the APR for these monthly loans? b.

Right Bank offers EAR loans of 9.38% and requires a monthly payment on all loans. a. What is the APR for these monthly loans? b. What is the monthly payment for the following? 1. A loan of $200,000 for six years 2. A loan of $450,000 for twelve years 3. A loan of $1,250,000 for thirty years

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