How much interest did she pay in total
Problem
Kimmie signed a loan agreement that required monthly payments of $246.25 at the end of each month for 3 years at 7.8% compounded monthly.
i. How much was the original loan?ii. How much interest did she pay in total?
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Kimmie signed a loan agreement that required monthly payments of $246.25. How much was the original loan? How much interest did she pay in total?
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