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3. (20 points) Raddi takes out an amortized loan for $50,000 for 10 years at an annual interest rate of 6.8%, compounded monthly. How much

3. (20 points) Raddi takes out an amortized loan for $50,000 for 10 years at an annual interest rate of 6.8%, compounded monthly. How much will Raddi owe on the loan: 1. after 3 years? 2. after 5 years

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