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The loan payments are $ 3 0 8 1 . 0 8 per year. Suppose you decide to pay off the loan at time 3

The loan payments are $

3081.08

per year. Suppose you decide to pay off the loan at time

3 .

How much would you have to pay

(

including the time

3

payment

),

assuming there are no penalties for early repayment?

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