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Christopher paid off his student loan in 3 years by making payments of $700 at the beginning of every month. The interest rate on his

Christopher paid off his student loan in 3 years by making payments of $700 at the beginning of every month. The interest rate on his loan was 4.90% compounded monthly.

a. Calculate the size of the original loan.

Round to the nearest cent

b. Calculate the amount of interest paid on the loan.

Round to the nearest cent

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