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Jack borrows $27,117 to pay for a car. The loan carries an annual rate of 4.4% and he wants to be debt free in 7
Jack borrows $27,117 to pay for a car. The loan carries an annual rate of 4.4% 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?
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