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To finance a group tour, Bank A offers a $60,000 loan in form of a 40 month fixed payment at an annual rate of 5.2%
To finance a group tour, Bank A offers a $60,000 loan in form of a 40 month fixed payment at an annual rate of 5.2%
a.) what will the monthly payment be
b.) list the interest and the principal repaid for the month 1,15, and 45
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