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A debt of $45,000 is repaid over 8 years with payments occurring monthly Interest is 5...

A debt of $45,000 is repaid over 8 years with payments occurring monthly Interest is 5 % compounded annually.

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

​(b) What is the outstanding principal after payment 23​?

​(c) What is the interest paid on payment 24​?

​(d) How much principal is repaid in payment 24​?

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