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When Scott had 4 years left in college, he took out a student loan for...

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Accounting

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When Scott had 4 years left in college, he took out a student loan for $16.965. The kan has an annual interest rate of 48%. Scott graduated 4 years ater acquiring the loan and began repaying the loan immediately upon graduation According to the terms of the loan, Scott will make monthly payments for 10 years after graduation. During the years he was in school and or making payments, the loan accrued simple interest Answer each part. Do not found intermediate computations, and round your answers to the nearest cent. I necessary, refer to the lit et financial formulas (a) Scott's loan is www.find his monthly payment Suosidized loan marthly payment: $0 (6) Scott's toonised, find this monthly payment United tean munthiy payments 24 @

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