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If you are required to continue to make payments of $600 per month until the loan is paid off, what is the amount of your
If you are required to continue to make payments of $600 per month until the loan is paid off, what is the amount of your final payment? The final payment is $319.92. (Round to the nearest cent.) What rate of return (expressed as an APR with monthly compounding) have you earned on the $200 ? The effective rate is % APR with monthly compounding. (Round to two decimal places.)
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