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Xenia takes out a bank loan for $11,000.00 maturing in 10 years. The interest rate on the loan is 1.250% compounded annually and she will

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Xenia takes out a bank loan for $11,000.00 maturing in 10 years. The interest rate on the loan is 1.250% compounded annually and she will repay the loan by making level monthly payments. If she defaults just after making payment number 103, how much money does the bank lose? a. $1,544.07. b. $1,297.68 C. $1,314.11. d. $1,642.63. e. $1,659.06. Certainty : C=1 (Unsure: 67%) C=3 (Quite sure: >80%)

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