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11111nata11111 [884]

3 years ago

7

Martin wants to buy a new car. The price of the car is $28,249. If Martin gets a bank loan with a simple interest rate of 3.49%

what will be the final cost of the car after 5 years?

1 answer:

erma4kov [3.2K]3 years ago

5 0

Answer:

The final cost is 28249*(1+3.49/100)^5=33534.74

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