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Letter of credit or line of credit. As We Go Bank offers its customers a line-of-credit loan in which each months outstanding balance has an

Letter of credit or line of credit. As We Go Bank offers its customers a line-of-credit loan in which each months outstanding balance has an interest charge at 12% APR. For the following loans, all with a $100,000 credit line, what are the required monthly interest payments and the total interest paid for the year

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