Question: 3 8 . Lady Dimitrescu just agreed to a new loan to purchase a $ 3 , 8 2 0 computer. The loan has a

38. Lady Dimitrescu just agreed to a new loan to purchase a $3,820 computer. The loan has a 22.6% annual
interest rate, compounded monthly. The minimum monthly payment is $80, and Lady Dimitrescu does
not expect to ever pay more than the minimum payment. Assuming no additional charges or costs will
occur with this loan, how much will Lady Dimitrescu still owe on the loan (if anything) exactly 36
months from today (when she expects she will need to purchase another new computer)

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