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Suppose a person pays $80 of annual interest on a loan that has a 5 percent annual interest rate. The loanamount is: A. $400. B.
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2. asked by matt
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Suppose that you decide to borrow $16 comma 000for a new car. You can select one of the following loans, each requiring
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2. asked by gaga
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Suppose that you decide to borrow $16 comma 000for a new car. You can select one of the following loans, each requiring
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2. asked by gaga
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Suppose that you decide to borrow $16,000for a new car. You can select one of the following loans, each requiring regular
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Suppose that you decide to borrow $15,000for a new car. You can select one of the following loans, each requiring regular
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Suppose you take a loan of $1000 today at a compound interest of 10 percent. Calculate the loan amount at the end of year 2.Than
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2. asked by Riley
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Suppose that a loan of 6,500 is given at an interest rate of 7% compounded each year assume that no payments are made on the
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Here's another way to look at it. Suppose you want to borrow $100,000. You choose a 30-year fixed rate loan at 7.5%, and pay one
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2. asked by Rosey
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Suppose you obtain a mortgage loan of $215,000 at an annual interest rate of 7%. How much less is the interest paid over the
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2. asked by Taylor
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Suppose that a loan of $6500 is given at an interest rate of 7% compounded each year. Assume that no payments are made on the
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2. 123 views