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3. Ricky's bank is offering him a three-year personal loan of $7500 at 4.0% per year, compounded monthly. a) Determine Ricky's monthly payment on the

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3. Ricky's bank is offering him a three-year personal loan of $7500 at 4.0% per year, compounded monthly. a) Determine Ricky's monthly payment on the loan. b) Calculate the total amount that he will pay to the bank. c) How much interest will Ricky pay over the life of the loan

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