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Ali borrows $15,000 to buy a car. Their loan has an APR of 8% and is for 6 years. If his monthly loan payment is
Ali borrows $15,000 to buy a car. Their loan has an APR of 8% and is for 6 years. If his monthly loan payment is $263, how much interest will he pay over the lifetime of the loan? 2 points Group of answer choices $18,936 $7,200 $3,600 $3,936
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