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8. An 11.9% add-on loan is to be repaid in monthly installments over three years. The tota amount borrowed was $29,000. How much is

8. An 11.9% add-on loan is to be repaid in monthly installments over three years. The tota amount borrowed was $29,000. How much is the monthly payment? A) $241.67 B) $493.00 C) $805.56

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