Suppose that Rich had decided to apply for a private loan rather than a federal loan. He
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Suppose that Rich had decided to apply for a private loan rather than a federal loan. He is considering a 10-year loan with an interest rate of 5.9%.
a. Determine his monthly payment.
b. What is the total amount he will pay back?
c. What is the total interest amount?
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Related Book For 
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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