Provide an appropriate response.
-If a person borrows $13,200 and agrees to repay the loan by paying $200 per month to reduce the loan and 1% of
the unpaid balance each month for using the money, what is the total cost of the loan over 66 months?

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The Answer of Provide an appropriate response.
-If a person borrows $13,200 and agrees to repay the loan by paying $200 per month to reduce the loan and 1% of
the unpaid balance each month for using the money, what is the total cost of the loan over 66 months?

Provide an Appropriate Response