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  3. angela had a loan of \\( \\$ 167,000 \\) and made

Angela had a loan of \\( \\$ 167,000 \\) and made payments of \\( \\$...

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Finance

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Angela had a loan of \\( \\$ 167,000 \\) and made payments of \\( \\$ 3,500 \\) at the end of every month to settle it. If she received the loan at \2.82 compounded monthly, what was the balance of the loan at the end of three years? A lease of \\( \\$ 8,400 \\) had to be repaid with payments of \\( \\$ 350 \\) at the beginning of every month. The interest rate charged was \8.00 compounded monthly. a. How many payments are required to repay the debt? It will take payments. Rounded up to the next payment b. What is the size of the final payment? Round to the nearest cent Morgan received a loan of \\( \\$ 32,000 \\) at \4.50 compounded monthly. She had to make payments at the end of every month for a period of 7 years to settle the loan. a. Calculate the size of payments. Round to the nearest cent

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