(Answered) If jim s bank offers to structure the 95 100000 1 year loan

Finance

If Jim s bank offers to structure the 9.5%, $100,000, 1 year loan on a monthly payment basis, calculate your monthly payment and the amount of interest paid at the end of the year. What is your EAR.

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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