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McKenna has a loan to be repaid by 15 annual payments at an effective annual interest rate of 3%. Payments 19 are $600 each, payments

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McKenna has a loan to be repaid by 15 annual payments at an effective annual interest rate of 3%. Payments 19 are $600 each, payments 10-13 are $340 each, and the last 2 payments are $630 each. Calculate the interest portion in McKenna's 12th payment. Possible Answers 37.91 45.01 49.87 53.61 56.89

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