Problem 8 (3 points). Determine the monthly mortgage payments that will pay off a $45,000...
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Problem 8 (3 points). Determine the monthly mortgage payments that will pay off a $45,000 car loan with 36 equal end-of-month payments for a) 12 % annual add-on interest rate b) 12 % annual interest rate compounded monthly c) Interest payment and principal reduction for the first two months for case (a)
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