Question: Question 1 (2 points) The calculated monthly payment on a loan amortized over ten years is rounded down by 0.3 cents to get to the

Question 1 (2 points) The calculated monthly payment on a loan

Question 1 (2 points) The calculated monthly payment on a loan amortized over ten years is rounded down by 0.3 cents to get to the nearest cent. Explain how this rounded payment will impact the final payment and by how much. (Will the difference between the regular and final payment be more, less, or equal to the 0.3 x 120 = 36 cents?) Explain. Format U

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