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Kimmie signed a loan agreement that required monthly payments of $230.75 at the end of each month for 6 years at 7.8% compounded monthly. a.
Kimmie signed a loan agreement that required monthly payments of $230.75 at the end of each month for 6 years at 7.8% compounded monthly.
a. How much was the original loan?
b.How much interest did she pay in total?
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