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(a) What would be the amount of each weekly payment if you loan $108000? Assume...

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(a) What would be the amount of each weekly payment if you loan $108000? Assume that annual interest rate is 1.75%, and you plan to pay off the loan in 5 years and each year has 52 weeks. Loan Amount Annual Interest Rate Years for Loan Periods per Year Period Interest Rate Total Periods PMT 1 2 3 (b) What is the total amount of interest you paid 4 on the loan? 5 Total Interest Amount 6

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