Question: Solve please A person borrows an amount for a new house and s/he is going to make monthly payments of 8,000 $ for the next

Solve please

Solve please A person borrows an amount for a new house and

A person borrows an amount for a new house and s/he is going to make monthly payments of 8,000 $ for the next 10 years. The nominal annual interest rate is quoted as 12%. (Assume the first instalment is going to be paid 1 month after she borrows.) a. Find the amount borrowed by this person. b. How much does this credit worth at the end of the last payment date? c.If this person decides on closing his/her loan after paying the 34th instalment, how much should s/he pay? It is given that the closing fee of this credit is 1,453 $

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