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Kazeer [188]
3 years ago
12

Aphrodite took out a 30-year loan from her bank for $170,000 at an APR of 7.2%, compounded monthly. If her bank charges a prepay

ment fee of 6 months' interest on 80% of the balance, what prepayment fee would Aphrodite be charged for paying off her loan 12 years early?
Mathematics
1 answer:
lora16 [44]3 years ago
7 0
It's 3246.74 --- APEX
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