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Listen Kelly is paying off a loan she took out to purchase a used car. The loan was for $7000. She pays an interest rate

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Listen Kelly is paying off a loan she took out to purchase a used car. The loan was for $7000. She pays an interest rate of 6% annually (or 0.5% monthly). The loan's interest is compounded monthly and she also makes a payment of $200 each month. If she purchased the car on January 1st determine how much interest she will pay on June 30th. Date Loan Interest Installment Value Owed Added 01/31 $7000.00 $35.00 - $200.00 02/28 $6835.00 $34.18 - $200.00 03/31 $6669.18 $33.35 - $200.00 04/30 $6502.53 05/31 06/30 O a) $25.61 Ob) $36.75 O c $30.83 O d) $28.42

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