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Maslowich
2 years ago
15

Angela's bank gave her a 2-year add-on interest loan for $6,440 to pay for new equipment for her antiques restoration business.

the annual interest rate is 7.62%. how much interest will she pay? what are her monthly payments?
Business
1 answer:
Lesechka [4]2 years ago
3 0

but i dont no the answer i think it is 1000 i dont no

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This would be the present value of the difference between the guaranteed amount and the estimated residual value.

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