How much was the loan amount for the extension
Problem
Liam had an extension built onto his home. He financed it for 48 months with a loan at 4.2% APR. His monthly payments were $720. How much was the loan amount for this extension?
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He financed it for 48 months with a loan at 4.2% APR. His monthly payments were $720. How much was the loan amount for this extension?
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