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A loan is paid by 24 payments of $50 per month with the first monthly payment paid one month after the loan is made. Suppose

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A loan is paid by 24 payments of $50 per month with the first monthly payment paid one month after the loan is made. Suppose the interest rate is i(12) = 9% How large is the loan? 485.3306 1309.4235 1102.6657 1200 1094.4573

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