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Complete the following problem. 1. Willard Hudson paid for a shipment of bicycles with a $6,000 installment loan at 10% interest for 24 months.

Complete the following problem. 1. Willard Hudson paid for a shipment of bicycles with a $6,000 installment loan at 10% interest for 24 months. His monthly payment is $276.60. After 4 payments, the balance is $5,082.21. He pays off the loan when the next payment is due. What is the amount of a) interest, b) final payment, and c) savings if Willard pays off the loan with the fifth payment?

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