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round to three decimal places Straight bank loan. Right Bank offers EAR loans of 9.48% and requires a monthly payment on all loans. What is

image text in transcribed round to three decimal places

Straight bank loan. Right Bank offers EAR loans of 9.48% and requires a monthly payment on all loans. What is the APR for these monthly loans? What is the monthly payment for a loan of (a) $220,000 for 6 years, (b) $455,000 for 10 years, or (c) $1,500,000 for 31 years? What is the APR for these monthly loans? % (Round to three decimal places.)

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