• Tierra took a $53,000 loan at 3.13% compounded monthly and decided to make end of month payments of $1,659. 
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• 1) How many payments will Tierra have to make to amortize this loan? (rounded to the next higher whole number) .
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• 2) What will the size of her final payment be?

Answer rating: 100% (QA)

To determine the number of payments Tierra will have to make to amortize the loan and the size of he... View the full answer