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OpenStudy (anonymous):
Dillon took out a 2-year loan for $2375 at a sports-equipment store to be paid back with monthly payments at a 6.6% APR, compounded monthly. If the loan offers no payments for the first 5 months, how much will Dillon owe when he begins making payments? A) $2375.00 B) $2441.03 C) $2709.15 D) $2536.58
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OpenStudy (anonymous):
2441.03
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