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A bank will give a customer a 6 year loan. Inflation has been steady at 17.8% per year for the past 10 years. If they

A bank will give a customer a 6 year loan. Inflation has been steady at 17.8% per year for the past 10 years. If they must receive 19.5% back on the loan compounded monthly, how much interest must the customer pay?

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