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1. An amount of $ 600 is borrowed for eight months at 7.8 % interest compounded monthly . Payments of $ 100 were ( $322.68)

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1. An amount of $ 600 is borrowed for eight months at 7.8 % interest compounded monthly . Payments of $ 100 were ( $322.68) made after one, three and six months. Determine the amount needed to settle the loan at the end of the term

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