Your purchase costs, $3,400, including tax. You sign an installment loan for $2,000 after the down payment. The remainder

Question

Your purchase costs, $3,400, including tax. You sign an installment loan for $2,000 after the down payment. The remainder including the finance charge will be paid in 20 equal monthly installments of $105.95 at 17% interest. What is the amount of interest after one month?

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