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Use the Loan Payoff Table to determine both the finance charge and the payment required to amortize a loan of $ 4 2 0 0

Use the Loan Payoff Table to determine both the finance charge and the payment required to amortize a loan of $

4200

at an annual interest rate of

9 %

with a term of

24

monthly payments.Click the icon to view the Loan Payoff TableSubThe amount of each payment is $

(

Round to the nearest cent as needed.

)

The finance charge Is

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