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This question concerns a loan of $100;000 at 8% per year, compounded monthly. You are making a regular payment of $750 per month. a) Fill in the entries in the schedule for the rst 3 months: Payment/.Month # Interest Principal Balance 0 0 0 100,000 1 2 3 b) What will be the balance after the 120thpayment? c) After how many payments will the ... ................
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