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The monthly payments on a 15-year loan of $35,000 at 5.9% interest are $293.46. (a) What is the total amount paid over the 15 years?
The monthly payments on a 15-year loan of $35,000 at 5.9% interest are $293.46.
(a) What is the total amount paid over the 15 years? (b) What is the total amount of interest paid?
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