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Karolyn takes out an installment loan to finance the purchase of a violin costing $ 1 6 , 7 5 0 . Her loan requires

Karolyn takes out an installment loan to finance the purchase of a violin costing $16,750. Her loan requires a 10.625% down payment and equal monthly payments of $365 for 48 months. Calculate the total deferred payment price.$18,529.69$19,299.69 $32,490.31$36,049.69

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