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1 . Salk Family Practice needs to upgrade its appointment, medical record, and billing system at a cost of $ 1 0 0 , 0

1. Salk Family Practice needs to upgrade its appointment, medical record, and billing system at a cost of $100,000. The local bank will provide a three-year loan for 3%. Calculate the monthly debt payment and create a 36-month amortization schedule. What are the total loan payments and total interest expense?

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