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Consider the student loan information here: balance of $42,350 with proposed payment of $413, and...

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Algebra

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Consider the student loan information here: balance of $42,350 with proposed payment of $413, and an interest rate of 6.49% annual interest compounded monthly. a. Using the proposed payment, determine how much the final payment will be when the loan is balanced. The loan is balanced when the remaining balance is $0.b. Using the proposed payment, determine the remaining balance after 3 years. c. Using the proposed payment, determine the total amount of interest paid over the entire loan.

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