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Dan is buying $16,000 of furniture on a 4-year loan with an interest rate of 11.8%. A. What will he monthly payments be? B. What

Dan is buying $16,000 of furniture on a 4-year loan with an interest rate of 11.8%.

A. What will he monthly payments be?

B. What will his balance be after 19 months?

C. How much interest will Dan pay over the life of the loan

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