Janine borrowed $27;000 from her bank. Monthly payments are $750, including interest at 6% compounded quarterly. a.
Question:
Janine borrowed $27;000 from her bank. Monthly payments are $750, including interest at 6% compounded quarterly.
a. How many payments will Janine make altogether?
b. How much is the last payment?
c. How much interest will Janine pay over the life of the loan?
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