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3 years ago

13

Mary takes out a loan for $6,000 at a simple interest rate of 12% to be paid back in 36 monthly instalments. What is the amount

of her monthly payments?

1 answer:

IRINA_888 [86]3 years ago

5 0

Answer:

$199.29

Step-by-step explanation:

Total payments = $7,174.24

Total interest = $1,174.24

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