Question: A construction company signed a loan contract at 6.73%compoundedannually, with the provision to pay $785 at the end of each month for three years. (a)

A construction company signed a loan contract at 6.73%compoundedannually, with the provision to pay $785 at the end of each month for three years.

(a) What is the amount of the loan?

(b) How much will be owed at the end of nineteen months?

(c) How much of the principal will be repaid within the first nineteen months?

(d) How much interest is paid during the first nineteen months

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