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On December 2, 2023, Joan borrowed $2400, agreeing to repay the loan with blended payments of $292 per month, starting on January 2. Interest was
On December 2, 2023, Joan borrowed $2400, agreeing to repay the loan with blended payments of $292 per month, starting on January 2. Interest was charged at 7.8% per annum calcu-lated on the monthly unpaid balance. Construct a complete repayment schedule. (Hint: Use the number of days appropriate for each month.)
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