Right Bank offers EAR loans of 9.38% and requires a monthly payment on all loans. What is
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Right Bank offers EAR loans of 9.38% and requires a monthly payment on all loans. What is the APR for these monthly loans? What is the monthly payment for
(a) a loan of $200,000 for six years,
(b) a loan of $450,000 for twelve years, or
(c) a loan of $1,250,000 for thirty years?
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The APR 1 00938 112 1 12 90 a For 200000 over six years Mode PY 12 CY 12 Input 72 90 200...View the full answer
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