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16 February, 19:17

Willie took out a simple interest loan of $6,000 at 10% interest for 24 months. His monthly payment is $276.60. After 4 payments the balance is $5028.21. He pays off the loan when the next payment is due. What is the interest?

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  1. 16 February, 20:41
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    1.000 dollars and 52 cents
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