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A family needs $5,000 to finance an addition to their home. If the local credit union is willing to lend them the money at 0.8%

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A family needs $5,000 to finance an addition to their home. If the local credit union is willing to lend them the money at 0.8% per month on the unpaid balance, and asks for the money to be paid back in 48 equal monthly installments, how much are the monthly payments? How much total interest will be paid over the loan period

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