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Stephanie gets a small business loan for $ 7 5 , 0 0 0 to start her hair salon. She will repay the loan with
Stephanie gets a small business loan for $ to start her hair salon. She will repay the loan with equal monthly payments over years at per year, compounded monthly.
a What is Stephanie's monthly loan payment? Blank
b What is the total amount Stephanie repays? Blank
c How much of the amount repaid is interest? Blank
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