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Straight bank loan. Left Bank has a standing rate of 8.3% (APR) for all bank loans and requires monthly payments. What is the monthly payment
Straight bank loan. Left Bank has a standing rate of 8.3% (APR) for all bank loans and requires monthly payments. What is the monthly payment if a loan is for (a) $150,000 for 6 years, (b) $275,000 for 12 years, or (c) $1,050,000 for 27 years? What is the effective annual rate of each of these loans
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