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Loan amount = $9,500 monthly payments = $227.50 time of loan contract = 5 years true annual interest rate (to the nearest tenth =

Loan amount = $9,500 monthly payments = $227.50 time of loan contract = 5 years true annual interest rate (to the nearest tenth =
asked 109k views
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Loan amount = $9,500 monthly payments = $227.50 time of loan contract = 5 years true annual interest rate (to the nearest tenth =

asked
User Stacktome
by
9.1k points

1 Answer

3 votes
Interest Rate:15.299%
Total of 60 Monthly Payments:$13,650.00
Total Interest Paid:$4,150.00
1 year: $2730.00
tis what i believe
answered
User Noplay
by
8.8k points
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