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To help with the startup costs of her new yoga studio, Kaitlin is taking out a $ 5 6 , 0 0 0 amortized loan

To help with the startup costs of her new yoga studio, Kaitlin is taking out a $

56, 000

amortized loan for

10

years at

8.5 %

annual interest. Her monthly payment for this loan is $

694.32 .

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