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(Add-on interest) Suppose you borrow $19 thousand for 40 months to purchase a car. The loan has a rate of 9% with add-on interest payments.
(Add-on interest) Suppose you borrow $19 thousand for 40 months to purchase a car. The loan has a rate of 9% with add-on interest payments. What are the total payments over the life of the loan, to the nearest $1? Drop the $ sign.
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