Suppose you take out a home equity calculate your installmen

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Calculate your installment payment in each the following cases. show your work.

a. Suppose you take out a car lone of $18,000 for 5 years at annual rate of 8 percent, with payment to be made monthly. What will your monthly payments be?

b. Suppose you take out a home equity of $325,000 for 25 years an an annual interset rate of 3.49 percent, with payments to be made biweekly payments be?

Reference no: EM13245448

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