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Suppose you apply for a seven-year loan in the amount of $22,850 with an APR of 4.4%.Under these conditions, your monthly payment will be $316.56.
Suppose you apply for a seven-year loan in the amount of $22,850 with an APR of 4.4%.Under these conditions, your monthly payment will be $316.56. When the loan is paid off,what is the total amount of interest (in dollars) that you will have paid over the seven years? (write out please)
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