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2) Charlotte borrows $28,000 on November 30, 2020. She plans to repay the loan over 6 years with level payments made every three months with

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2) Charlotte borrows $28,000 on November 30, 2020. She plans to repay the loan over 6 years with level payments made every three months with the first payment on February 28, 2021. a) Find her loan payment. b) How much interest will she pay on the loan? c) Without changing the amount borrowed, the 6-year term or the interest rate, how can Charlotte reduce the amount of interest that she pays? (5 points) 2) Charlotte borrows $28,000 on November 30, 2020. She plans to repay the loan over 6 years with level payments made every three months with the first payment on February 28, 2021. a) Find her loan payment. b) How much interest will she pay on the loan? c) Without changing the amount borrowed, the 6-year term or the interest rate, how can Charlotte reduce the amount of interest that she pays? (5 points)

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