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Dr. Jones would like a computer system for the office to help with management of the clinic. The cost is $15,000, and the interest rate is 4.6%. The amount of interest to be pai…

Dr. Jones would like a computer system for the office to help with management of the clinic. The cost is $15,000, and the interest rate is 4.6%. The amount of interest to be pai…
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4 votes
Dr. Jones would like a computer system for the office to help with management of the clinic. The cost is $15,000, and the interest rate is 4.6%. The amount of interest to be paid is $3,450. How many months is the loan for?

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User Gthm
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8.4k points

1 Answer

5 votes
15,000 x 4.6%= 690 per month

690 x 5= 3,450

The loan is for 5 months.

Have a nice day! c:
answered
User Idragosalex
by
8.6k points
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