Question: 25. Can you teach me this? Question Zo (2 points) Listen Jacqueline received a 15-year loan of $285,000 to purchase a house. The interest rate

25. Can you teach me this?

25. Can you teach me this? Question Zo (2 points)
Question Zo (2 points) Listen Jacqueline received a 15-year loan of $285,000 to purchase a house. The interest rate on the loan was 4.8% compounded monthly. a. What is the size of the monthly loan payment? Round to the nearest cent. b. What is the principal balance of the loan at the end of the 2 years? Round to the nearest cent. c. By how much will the amortization period shorten if Jacqueline made an extra payment of $52,000 at the end of year 2? Express answer in years and months, rounded to the next month. Pa... v By Ev

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