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Joe Jones borrowed $2200 for a new car. He agrees to pay the loan back with 8 payment of $290.69 each. After 3 payments she
Joe Jones borrowed $2200 for a new car. He agrees to pay the loan back with 8 payment of $290.69 each. After 3 payments she decides to pay off the loan in full. Find the amount of: (a) unearned interest (b) the amount needed to repay the loan in full.
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