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Ivan borrowed money from an online lending company to buy a motorcycle. he took out a personal loan, amortized loan for $18,000, at an interest
Ivan borrowed money from an online lending company to buy a motorcycle. he took out a personal loan, amortized loan for $18,000, at an interest rate of 5.8%, with monthly payments for a term of 5 years. A. find Ivan's monthly payment.
B. if Ivan pays the monthly payment each month for the full term, find his total amount to pay to repay the loan.
C. if Ivan pays the monthly payment each month for the full term, find the total amount of interest he will pay.
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