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2 years ago

9

Melody paid off a loan of $120,000 in 10 years. If she made a payment of $1,225 each month, then what was the simple interest ra

te for her loan?
PLEASE HELP!!!

1 answer:

sdas [7]2 years ago

7 0

I think it’s .01% because 1225/120000=.010208

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