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Greg takes out a $22,000 loan to buy new motorcycle. The interest rate is 3.9% per year and the term is 84 months. This works
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@ first payment = 300 principal after after first first payment = 300 71.50 = $ 228.50 (b.) - Total loan $ 22,000 loan balanc(20) since monthly payment is now $400 which is greater than $300 and when monthly increased than total interest would be les

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