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likoan
[24]
3 years ago
12
You have a loan for $200,000 at 8.5% annual simple interest. What is your monthly interest payment?
Mathematics
Answer
Comment
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1
answer:
Sergeu
[11.5K]
3 years ago
5
0
Answer:
c. 1,417
Step-by-step explanation:
200,000 (8.5%) = 17,000
17,000 / 12 = 1,416.67 or 1,417
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