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3 years ago

9

marc maxwell took out a simple interest loan at 13% interest for 12 months. his previous balance $2681.04. what is the final pay

ment if the loan is paid off with the next payment

1 answer:

xz_007 [3.2K]3 years ago

4 0

A=p(1+rt)
A=2,681.04×(1+0.13×1)
A=3,029.5752

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