Question: The monthly payments on a $15,000 loan at 6.0% compounded monthly are $275. a. Calculate the interest component of Payment 13. b. Calculate the principal

The monthly payments on a $15,000 loan at 6.0% compounded monthly are $275.
a. Calculate the interest component of Payment 13.
b. Calculate the principal component of Payment 44.
c. Calculate the final payment.

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