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**answer must be rounded to the nearest hundredt** If a $57,500 has a quantity of 5% compound annual interest rate compounded monthly. Then: a. how

**answer must be rounded to the nearest hundredt**
If a $57,500 has a quantity of 5% compound annual interest rate compounded monthly. Then:
a. how many interest is paid when you pay off the loan in 7 years?

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