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Shawn borrows $12,000 from the bank to help pay for a new car. The loan...

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Algebra

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Shawn borrows $12,000 from the bank to help pay for a new car. The loan is for 7 yearswith a simple interest rate of 7.7%.When Shawn settles the loan at the end of 7 years, how much money, in total, must hepay? Round to the nearest cent (if necessary) and do not include the $ symbol.

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