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2. Aaron borrows money to go on a summer vacation. He will repay the loan by making monthly payments of $112.78 per month for the

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2. Aaron borrows money to go on a summer vacation. He will repay the loan by making monthly payments of $112.78 per month for the next 2 years at an interest rate of 7.8% per year compounded monthly. How much did Aaron borrow? a. I b. How much interest does Aaron pay

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