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Thuan takes out a bank loan for $13,650.00 maturing in 14 years. The interest rate on the loan is 5.000% compounded daily and he will
Thuan takes out a bank loan for $13,650.00 maturing in 14 years. The interest rate on the loan is 5.000% compounded daily and he will repay the loan by making level monthly payments. If he defaults just after making payment number 113, how much money does the bank lose? a. $6,497.18. O b. $5,886.34. C. $5,664.21. O d. $5,553.15. e. $6,552.72
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