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Straight bank loan. Right Bank offers EAR loans of 8.93% and requires a monthly payment on all loans. What is the APR for these monthly
Straight bank loan. Right Bank offers EAR loans of 8.93% 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) $210,000 for 6 years, (b) $475,000 for 11 years, or (c) $1,200,000 for 30 years? What is the APR for these monthly loans? 1% (Round to three decimal places.) (a) What is the monthly payment if a loan is for $210,000 for 6 years? (Round to the nearest (b) What is the monthly payment if a loan is for $475,000 for 11 years? Round to the nearest cent.) (Round to the nearest cent.) (c) What is the monthly payment if a loan is for $1,200,000 for 30 years? (Round to the nearest cent.)
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