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Suppose you want to borrow $100,000 and you find a bank offering a 20-year loan with an APR of 7% a. Find your regular payments

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Suppose you want to borrow $100,000 and you find a bank offering a 20-year loan with an APR of 7% a. Find your regular payments if you pay n=1, 12, 26, 52 times a year. b. Compute the total payout for each of the loans in part (a). c. Compare the total payouts computed in part (b). a. The payment for n= 1 would be 5 The payment for n= 12 would be $ The payment for n= 26 would be 5 The payment for n= 52 would be s (Do not round until the final answer. Then round to the nearest cent as needed.)

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