Jamie borrowed $900 from the Essex District Credit Union. The loan agreement provided for repayment of the loan in four equal monthly payments plus interest at 12% per annum calculated on the unpaid balance. What was the loan balance outstanding after the second payment? how much total interest did Jamie pay on this loan?

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Q: Angela's Riunning Store borrowed S12,000 ón June Ist át å sifmple repay the loan with payments of…

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