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You obtained an installment loan for $6,820 to help your daughter pay for college. The APR on the loan is 18 percent. The loan is

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You obtained an installment loan for $6,820 to help your daughter pay for college. The APR on the loan is 18 percent. The loan is to be repaid in 42 months. What is the finance charge (Use the table on page 799 for monthly payment)

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