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17 months ago you borrowed $14,500 to purchase a used Rolls. The annual interest rate is 7.3% and the loan is to be repaid with
17 months ago you borrowed $14,500 to purchase a used Rolls. The annual interest rate is 7.3% and the loan is to be repaid with monthly payments over 5 years. You have just remitted your 17th payment. What is the total interest-to date you have paid?
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