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Question 11 (1 point) If a $49,600 loan is to be paid back with end of month payments of $1,000, and the interest is

Question 11 (1 point) If a $49,600 loan is to be paid back with end of month payments of $1,000, and the interest is at 10.8% compounded monthly, how much interest will be included in the 31st payment? Round your final answer to the nearest dollar. $276 $725 $338 $536 $308

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