# Math amortization payments

What amortization payment would be required every six months at 14% interest to pay off a loan that is \$35,000 with in four years. answer needs to be rounded to the nearest cent.

\$5,861.37

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1. you have taken an amortized loan at 7.5% for 4 years to pay off your new car, which cost \$15,000. after 3 years, you have decide to pay off the loan. find the unpaid balance. assume monthly payments

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2. small business loan for 50,000 dollars.interest rate 9% for 6 years. what is the unpaid balance at the end of the 6th year? show the formula used, and the values for each variable to calculate the unpaid balance at the end of the 6th year

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