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Straight bank loan. Right Bank offers EAR loans of 9 . 0 7 % and requires a monthly payment on all loans. What is the

Straight bank loan. Right Bank offers EAR loans of

9.07 %

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

(

)

200, 000

for

6

years,

(

)

460, 000

for

12

years, or

(

)

1, 000, 000

for

31

years?

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