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An amortized loan of amount L has level monthly payments at the end of each month for n months at an interest rate of j
An amortized loan of amount L has level monthly payments at the end of each month for n months at an interest rate of j per month. The balances after the th st and rd payments are $ $ and $ What is the total amount of interest paid during the loan?
A Less than $
B At least $ but less than $
C At least $ but less than $
D At least $ but less than $
E At least $
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