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Posted on Jul 30, 2024

Jack borrows $ 2 9 , 8 0 8 to pay for a car. The loan carries an annual rate of 5 . 1 %

Jack borrows $

29, 808

to pay for a car. The loan carries an annual rate of

5.1 %

and he wants to be debt free in

7

years by making biweekly payments

(26

per year

) .

How much interest will he pay on this loan?

Round your answer to the nearest dollar.

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