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A homeowner paid a contractor $19,500 to finish his basement so that he can use it as a family room. He paid 10% down and

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A homeowner paid a contractor $19,500 to finish his basement so that he can use it as a family room. He paid 10% down and financed the balance with a 36-month fixed installment loan with an APR of 7.5%. Determine the total finance charge and monthly payment for the loan. Round your answers to the nearest cent. Total Finance Charge: Monthly Payment

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