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6. Shawn buys a new computer. He will make monthly payments of $72 for the next 2 years, starting 1 month from now. He

 

6. Shawn buys a new computer. He will make monthly payments of $72 for the next 2 years, starting 1 month from now. He is charged 16% per year compounded monthly. a) How much did Shawn borrow to purchase the computer? b) How much interest will Shawn pay?

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