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Tou have taken out a loan oi $32,000 to buy a new Saturn. The loan will be monthly instalments starting in one month over the

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Tou have taken out a loan oi $32,000 to buy a new Saturn. The loan will be monthly instalments starting in one month over the next 4 years (48 payr interest rate on the loan is 8.25% per year. The bank doesn't tell you compounded quarterly. (a) Find the amount of the monthly loan paymen amount owed immediately after the 30th payment is

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