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Professor is taking out a loan to buy a sweet Wave Runner. The Wave Runner price is $22,000. The loan is a 2 year loan

Professor is taking out a loan to buy a sweet Wave Runner. The Wave Runner price is $22,000. The loan is a 2 year loan at 5.5% with MONTHLY payments. What is the payment? How much interest will you pay over the life of the loan?

Please show in excel format

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