Question: Solve the problem using the loan payoff table or an amortization table. A movie star purchased a home costing $708,815. He put 20% down and

 Solve the problem using the loan payoff table or an amortization

Solve the problem using the loan payoff table or an amortization table. A movie star purchased a home costing $708,815. He put 20% down and signed a note for monthly payments at 9% interest for 4 years. Find the amount of each monthly payment and the total amount of interest paid on the loan. $14,380.44,$123,209.12 $17,642.41,$138,020.68 $13,841.74,$97,351.52 $14,113.92,$110,416.16 Solve the problem using the loan payoff table or an amortization table. A movie star purchased a home costing $708,815. He put 20% down and signed a note for monthly payments at 9% interest for 4 years. Find the amount of each monthly payment and the total amount of interest paid on the loan. $14,380.44,$123,209.12 $17,642.41,$138,020.68 $13,841.74,$97,351.52 $14,113.92,$110,416.16

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