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Tierra took a $53,000 loan at 3.13% compounded monthly and decided to make end of month payments of $1,659. 1) How many payments will Tierra

  • Tierra took a $53,000 loan at 3.13% compounded monthly and decided to make end of month payments of $1,659. 

  • 1) How many payments will Tierra have to make to amortize this loan? (rounded to the next higher whole number) .

  • 2) What will the size of her final payment be?

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