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a. For a loan of $160,000 at 7% annual interest, monthly payments, for 30 years, how much total interest will be paid over the life of the loan?
b. For a loan of $250,000 at 6% annual interest, with monthly payments over 15 years, if you pay an additional $100 in principle per month, how much total interest will you pay over the life of the loan?
c. If you pay an extra $75 per month in principle, how much LESS interest will you pay over the life of the following loan: Loan amount--$180,000; 30 years (monthly PMT); 7% annual rate of interest?
please answer all or none.
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A company borrowed $10 million for five years form Atlantic Bank. The company pays Atlantic Bank a fixed annual rate of 8 percent and must pay back the $10 million loan at the end of the borrowing period. A year has passed since the loan was made and..
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Find the amount for accumulation of discount in the tenth coupon. Find the amount of interest in the tenth coupon payment.
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