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Lada Lada
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Posts: 357
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6 years ago
How much interest is paid in total on a 3-year loan for $28 600 (rounded to the nearest dollar)? The interest rate is 8.7% compounded monthly and the payments are monthly.
A) $3997
B) $3779
C) $3977
D) $3999
E) $4000
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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