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Investigate the effect of the term on simple interest amortized auto loans by finding the monthly payment and the total interest for a loan of
Investigate the effect of the term on simple interest amortized auto loans by finding the monthly payment and the total interest for a loan of $13,000 at 978%
interest if the term is the following. (Round your answers to the nearest cent.)
(a) three years
payment $
total interest $
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