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The following loan is a simple interest amortized loan with monthly payments. (Round your answers to the nearest cent.) $4000, 9 1/2%, 4 years (a)

The following loan is a simple interest amortized loan with monthly payments. (Round your answers to the nearest cent.)

$4000, 9 1/2%, 4 years

(a) Find the monthly payment. $ (b) Find the total interest. $

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