Question: Answer Question 7 (1 point) Lisa borrowed $25,000 at a rate of 6% compounded monthly (12) for a term of 10 years. Calculate the balance

Answer Question 7 (1 point) Lisa borrowed $25,000 at a rate of 6% compounded monthly (12) for a term of 10 years. Calculate the balance owing on her loan after 8 years. When calculating her original payment, round it up to the next cent before proceeding to the balance calculation. Your Answer: Answer Question 8 (1 point) Saved Consider a loan of $2,000 charging interest at j12=4.8% with monthly payments of

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