Ronald borrows $13200 and agrees to pay $1320 at the end of each month to reduce the principal. He also agrees to pay th

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answerhappygod
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Ronald borrows $13200 and agrees to pay $1320 at the end of each month to reduce the principal. He also agrees to pay th

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Ronald borrows $13200 and agrees to pay $1320 at the end of each
month to reduce the principal. He also agrees to pay the interest
due on the unpaid balance each month. What is the sum of all
interest payments if interest is charged at a rate of 6% per
month?
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