Question: The monthly payments on a five-year loan at 7.5% compounded monthly are $200.38. a. What was the original amount of the loan? (Do not round

The monthly payments on a five-year loan at 7.5% compounded monthly are $200.38. a. What was the original amount of the loan? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Amount b. What is the balance after the 30th payment? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Balance

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