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Kenny needs to take out a personal loan to cover some home improvement projects. He intends to borrow $6400 and will finance the balance over

Kenny needs to take out a personal loan to cover some home improvement projects. He intends to borrow $6400 and will finance the balance over 36 months at an APR of 7%.

Calculate the monthly payment.

Determine the total payment over the life of the loan.

Determine how much of the total goes to interest.

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