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O O What is the monthly payment for a $48,000, four-year, 12 percent loan with the interest calculated using the add-on method? a. $500 b.

O O What is the monthly payment for a $48,000, four-year, 12 percent loan with the interest calculated using the add-on method? a. $500 b. $560 OC. $1,480 O d. $1,040
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What is the monthly payment for a $48,000, four-year, 12 percent loan with the interest calculated using the add-on method? a. 5500 b. 5560 c. $1,480 d. 51,040

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