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(Solved): Answer both A and B Suppose that under the Pian of Repayment one should pary off the debt in a numbe ...



Answer both A and B

Suppose that under the Pian of Repayment one should pary off the debt in a number of equal end-ol-mont instaliments (principa
Suppose that under the Pian of Repayment one should pary off the debt in a number of equal end-ol-mont instaliments (principal ans intorest) This is the cuabomary way to bey of inama on automobles, house morterges, ote, A friend of yours has financed on the purchase of a new aulomoble. and the annual interest rule is (I 5 Si per monti) a. Montivy paymionts over a 24 month ioan period will be how much? b. How much interest and principal will be paid within three month of this loan? Click the icon to view the interest and annuty table for discrete compounding when per morth. a. The monthly poymont over a 24-month loan period is ? (Round to the neareat cent)


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Answer:Given data:financed for automobile purchase =$17
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