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Suppose that in the loan described, the borrower made a larger payment, as indicated. Calculate (a) the time needed to loan, (b) the total amount
Suppose that in the loan described, the borrower made a larger payment, as indicated. Calculate (a) the time needed to loan, (b) the total amount of the payments, and (c) the amount of interest saved, compared with the original loan and p $140,000, 8% compounded quarterly: 15 quarterly payments, with larger payment of S13000. C) a)s quarters(D) a)12 A) (a) 13 quarters (b)$169,000 (c)$4295.93 B) (a) 12 quarters (b)$155,087.69 (c)S4140.93 b) $152326.14 (c) $11107.41 D (a) 12 quarters (b)$156,000 (c) $4237.93 Suppose that in the loan described, the borrower made a larger payment, as indicated. Calculate (a) the time needed to loan, (b) the total amount of the payments, and (c) the amount of interest saved, compared with the original loan and p $140,000, 8% compounded quarterly: 15 quarterly payments, with larger payment of S13000. C) a)s quarters(D) a)12 A) (a) 13 quarters (b)$169,000 (c)$4295.93 B) (a) 12 quarters (b)$155,087.69 (c)S4140.93 b) $152326.14 (c) $11107.41 D (a) 12 quarters (b)$156,000 (c) $4237.93
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