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Jackie takes out a 12-month loan at her credit union for $1200 payable in twelve equal monthly installments. The annual interest rate for the loan

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Jackie takes out a 12-month loan at her credit union for $1200 payable in twelve equal monthly installments. The annual interest rate for the loan is 7 percent. What are the monthly payments on this loan?" $84 $107 $63 $95

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