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QUESTION
Jack borrows $28266 to pay for a car. The loan carries an annual rate of 5.3% and he wants to be debt free in 7 years by making biweekly payments (26...
Jack borrows $28266 to pay for a car. The loan carries an annual rate of 5.3% and he wants to be debt free in 7 years by making biweekly payments (26 per year). How much interest will he pay on this loan?
Round your answer to the nearest dollar.
