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Sharon just bought a new refrigerator for $2,500. She financed the purchase as a 2-year loan at 18%. What will her monthly payment be? How
Sharon just bought a new refrigerator for $2,500. She financed the purchase as a 2-year loan at 18%. What will her monthly payment be? How much total interest will she pay over the life of the loan? (Hint: What are her total payments for the life of the loan?)
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