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OpenStudy (anonymous):
Paul took out a 2-year loan for $1450 at a computer retailer to be paid back with monthly payments at an 18% APR, compounded monthly. If the loan offers no payments for the first 4 months, about how much in total will Paul pay in interest for the loan? A.$261.00 B.$89.64 C.$88.98 D.$342.80
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