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To help open up a wine bar, Yolo borrowed money from her credit union. She took out a personal, amortized loan for $43,500, at an
To help open up a wine bar, Yolo borrowed money from her credit union. She took out a personal, amortized loan for $43,500, at an interest rate of 6.3% with monthly payments for a term of 8 years. (a) Find Yoko's monthly payment. (b) If Yoko pays the monthly payment each month for the full term, find her total amount to repay the loan. (c) If Yoko pays the monthly payment each month for the full term, find the total amount of interest she will pay
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