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1 2 . How much interest is paid in total on a 1 - year loan for $ 5 0 0 0 ? The interest

12. How much interest is paid in total on a 1-year loan for $5000? The interest rate is 12% compounded monthly and the payments are monthly.A) $330.00B) $333.88C) $333.00D) $300.88E) $330.88

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