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A small business borrows $80,000 at 8.4% interest compounded monthly for 8 years.

A small business borrows $80,000 at 8.4% interest compounded monthly for 8 years.

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A small business borrows $80,000 at 8.4% interest compounded monthly for 8 years.

A small business borrows $80,000 at 8.4% interest compounded monthly for 8 years. 
                    a.   What is the monthly payment?
                    b.   What is the unpaid balance at the end of the first year?
                    c.   How much interest was paid in the first year?

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