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Suppose you want to borrow $ 9 5 , 0 0 0 and you find a bank offering a 2 0 - year term for
Suppose you want to borrow $ and you find a bank offering ayear term for a loan of that amount, with an APR of
a Find your regular payments if you make them yearly, monthly, biweeklyevery weeks or weeklylong dashthat is for nequals
b Compute the total payment for each case in parta
c Compare the total payments computed in partb
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a The payment for nequals would be $enter your response here.
The payment for nequals would be $ enter your response
The payment for nequals would be $enter your response here.
The payment for nequals would be $enter your response here.
Do not round until the final answer. Then round to the nearest cent as needed.
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