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Posted on Aug 02, 2024

3 years ago, you borrowed $ 2 5 , 0 0 0 . The loan was a 5 - year loan with monthly payments with

3

years ago, you borrowed $

25, 000 .

The loan was a

5 -

year loan with monthly payments with a

5.2 %

APR with monthly compounding. You just made the

36

th payment. How much have yourepaid. Assume that you have not missed any of your regular monthly payments

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