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K Angela's bank gave her a 3-year add-on interest loan for $6,240 to pay for new equipment for her antiques restoration business. The annual


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K Angela's bank gave her a 3-year add-on interest loan for $6,240 to pay for new equipment for her antiques restoration business. The annual interest rate is 8.74%. How much interest will she pay? What are her monthly payments? She will pay sin interest on the loan. (Round to the nearest cent.) Her monthly payments are (Round to the nearest cent.) GROTE

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