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Straight bank loan. Right Bank offers EAR loans of 9.14% and requires a monthly payment on all loans. What is the APR for these monthly
Straight bank loan. Right Bank offers EAR loans of 9.14% 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) $455,000 for 11 years, or (c) $1,350,000 for 28 years
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