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3 years ago

Alexia took out a 12-year loan for $72000 to renovate her home. If her monthly payments are $680, what is the interest rate?

Mathematics

1 answer:

mart [117]3 years ago

3 0

Answer:

intrest equation

I/PT = R

$680 / $72,000 x 12 years = R

$680 / $864,000 = R

7.8703 = R

or rounded 8%

Step-by-step explanation:

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