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Home Q & A Board Science-Related Homework Help Mathematics
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kmonette kmonette
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A year ago
A $13,000 loan is to be amortized by equal monthly payments for five years. The interest rate is 12% compounded monthly. How much interest will the debtor pay in total over the five-year period?

▸ $17,178.60

▸ $4116.84

▸ $4350.80

▸ $17,350.80

▸ $4178.60
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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Gab27Gab27
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A year ago
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kmonette Author
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A year ago
Correct Slight Smile TY
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You make an excellent tutor!
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This site is awesome
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