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What is the total payback amount

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Question: Molly takes out an $11,000 personal loan to make home repairs. Her interest rate is 6.4% on a 4-year loan. Her monthly payments are $260.36. What is the total payback amount and how much of that is interest?

Reference no: EM133612327

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What is the total payback amount : Her interest rate is 6.4% on a 4-year loan. Her monthly payments are $260.36. What is the total payback amount and how much of that is interest
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