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Jules takes out a loan for $2500 from his bank. His loan terms are a 4-year loan at 4.3% interest compounded monthly on which he
Jules takes out a loan for $2500 from his bank. His loan terms are a 4-year loan at 4.3% interest compounded monthly on which he needs to make monthly payments.
a) How much will Jules' monthly payment be? $
b) How much total money will Jules' pay his bank? $
c) How much of that money is interest?
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