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Shelly Sanders gets a loan for $2,400 and repays the loan in 12 monthly payments of $207.00 per month. Under the APR formula, what is

Shelly Sanders gets a loan for $2,400 and repays the loan in 12 monthly payments of $207.00 per month. Under the APR formula, what is the amount of interest included in her first payment? Multiple Choice $10.32 $12.92 $7.00 $11.76 $4.00

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