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Charles wishes to purchase a $3300 jet ski. The jet ski will be financed with a 5-year loan at an interest rate of 8.25% with

Charles wishes to purchase a $3300 jet ski. The jet ski will be financed with a 5-year loan at an interest rate of 8.25% with monthly payments.

Determine the total amount he will pay in interest over the life of the loan.

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