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Filipe borrowed money from an online lending company to buy a fishing boat. He took out a personal, amortized loan for $11,500, at an interest
Filipe borrowed money from an online lending company to buy a fishing boat. He took out a personal, amortized loan for $11,500, at an interest rate of 5.2% with monthly payments for a term of 4 years. If Filipe pays the monthly payment each month for the full term, find his total amount to repay the loan
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