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Installment Loan Principal Term Length $1500.00 4 years 6% $35.00 The 40th payment has $275 left in principal. How much of this payment will go

Installment Loan Principal Term Length $1500.00 4 years 6% $35.00 The 40th payment has $275 left in principal. How much of this payment will go toward interest? Interest Rate Monthly Payment A $27.50 B. $7.50 C. $1.38 D. $33.62

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