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  3. please help me answer. please show how you did the

please help me answer. please show how you did the math. no excel or automatic...

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Finance

please help me answer. please show how you did the math. no excel or automatic calculators. image
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2) Thomas applied for a signature loan for $4000 at a local bank, Since Thomas has poor credit, the bank offered him a 4-month loan with an annual rate of 24%. a) Find the amount of each of Thomas' monthly payments. b) Create an amortization schedule for Thomas' payments. Show all work. Month PMT Interest Balance Reduction (PMT - Interest) Unpaid Balance 0 2 3 4. c) Find the total amount of Thomas' four payments. d) Find the amount of interest that Thomas will pay over the course of the 4-month loan. r m PMT = PV -mt 1-(1+)

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