Question: How much will be required on February 1 to pay off a $3000 loan advanced on the previous September 30 if the variable interest rate

How much will be required on February 1 to pay off a $3000 loan advanced on the previous September 30 if the variable interest rate began the interval at 10.7%, rose to 11.2% effective November 2, and then dropped back to 11% effective January 1?

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