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Imagine Joy is the manager of a bank named Money Talks Bank of Virginia. This bank has recently issued new loans to customers. Joy wants you, the business analyst to prepare a report for him. The details of the report and the data are given below. You must use functions to calculate interest rate, down payment, monthly payment, and average selling price for each loan item.

Table values

Loan Term	Interest Rate	% Required for Down Payment
15	0.0575	0.15
20	0.06	0.2
30	0.0625	0.25

Customer	Selling Price	Loan Term
Allen	265354	30
Arnold	328788	15
Barber	500000	15
Bollis	112485	30
George	350000	30
Hood	761978	20
Morgan	192940	15
Paul	606563	20
Pinder	319765	30

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Basic Finance, Finance

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