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What is the APR for these monthly loans

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Question - Straight bank loan. Right Bank offers EAR loans of 8.85% and requires a monthly payment on all loans. What is the APR for these monthly loans? What is the monthly payment for a loan of

(a) $250,000 for 6 years,

(b) $440,000 for 10 years, or

(c) $1,000,000 for 29 years?

What is the APR for these monthly loans?

Reference no: EM132490381

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