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12. Use the following personal loan payment calculator to determine the monthly payments and the total cost of borrowing $18000 at rate of 3% for

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12. Use the following personal loan payment calculator to determine the monthly payments and the total cost of borrowing $18000 at rate of 3% for 4 years. PERSONAL LOAN PAYMENT CALCULATOR Monthly payment per $1000 borrowed Interest Rate Term in Years 1 2 3 4 5 84.69 42.98 29.08 22.13 17.97 3.00

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