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Find the amount of interest and the monthly payment for the loan. Purchase a living room set for $3,800 at 12% add-on interest for 3 years.

  • MATH -

    LaCresha/David -- please use the same name for your posts.

    I = PRT

    Add the interest to the principle to find the total.

    Then, divide that by 36 to find the monthly payments.

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