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baherus [9]
2 years ago
6

What is the total payment for a 6700 loan at 13.5 percent for 5 years

Mathematics
1 answer:
viva [34]2 years ago
7 0
Interest charged: I=prn=6700*0.135*5 = 4522.50
Total re-payment: 6700+4522.50 = 11 222.50
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