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An auto repair shop borrowed ?$12,000 to be repaid by monthly payments over 6 years

Finance

An auto repair shop borrowed ?$12,000 to be repaid by monthly payments over 6 years. Interest on the loan is 3% compounded monthly.

?(a) What is the size of the periodic? payment?

?(b) What is the outstanding principal after payment 22??

?(c) What is the interest paid on payment 23??

?(d) How much principal is repaid in payment 23??

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