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A loan of $16,245 was repaid at the end of 8 months. What size repayment check (principal and interest) was written, if an 11.2% annual

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A loan of $16,245 was repaid at the end of 8 months. What size repayment check (principal and interest) was written, if an 11.2% annual rate of interest was charged? The amount of the repayment check was $ . (Round to two decimal places.)

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