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Suppose John has a 20-year loan with monthly payment of $1720 at 5.2%(12). a. Find the cash value of his original loan. b. If he

Suppose John has a 20-year loan with monthly payment of $1720 at 5.2%(12).

a. Find the cash value of his original loan.

b. If he wants to pay off the loan after 16 years (i.e. on the day of the 192nd payment), find the pay off.

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