### What is the rest balance at the end of one year

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##### Reference no: EM1335066

A student borrows 3,000 at an interest rate of 2 % per month on the unpaid balance. If the student pays \$200 at the end of each month, what is the remaining balance at the end of one year?

How much interest has the studen paid for the year?

Output: Output consists of a screen display showing the balance each month, remaining balance at the end of one year and the total interest the student has paid for the year.

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