SIMPLE INTEREST AND DISCOUNT

For problems 1 - 4, assume a $200,000 house loan is amortized over 30 years at an interest rate of 10.4%. 1) Find the monthly payment. 2) Find the balance owed after 20 years. 3) Find the balance of the loan after 100 payments. 4) Find the monthly payment if the original loan were amortized over 15 years. 5) Mr. Patel wants to pay off his car loan. ................
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