Question: To help pay for culinary school, Brian borrowed money from a bank. He took out a Personal, amortized loan for$56,500, at an interest rate of5.3%,with
To help pay for culinary school, Brian borrowed money from a bank. He took out a Personal, amortized loan for$56,500, at an interest rate of5.3%,with monthly payments for a term of15years. For each part, do not round any intermediate computations and round your final answers to the nearest cent.Find Brian's monthly payment. If Brian pays the monthly payment each month for the full term, find his total amount to repay the loan. If Brian pays the monthly payment each month for the full term, find the total amount of interest he will pay.
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