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The monthly payments on a 20-year loan of $20,000 at 6.2% interest are $145.60. (a) What is the total amount paid over the 20 years?
The monthly payments on a 20-year loan of $20,000 at 6.2% interest are $145.60.
(a) What is the total amount paid over the 20 years? $ (b) What is the total amount of interest paid? $
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