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Find I. Choose the correct answer. Amount Financed (m) = $1,400 Number of Payments per year (y) = 12 Number of Payments (n) = 24 Total Interest (c) = $200.50 I =

Find I. Choose the correct answer. Amount Financed (m) = $1,400 Number of Payments per year (y) = 12 Number of Payments (n) = 24 Total Interest (c) = $200.50 I =
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Find I. Choose the correct answer.

Amount Financed (m) = $1,400 Number of Payments per year (y) = 12 Number of Payments (n) = 24 Total Interest (c) = $200.50

I =

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User Ana Lava
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8.5k points

1 Answer

5 votes
(2×12×200.50)÷(2,500×25) *100=7.7%
answered
User Cameron Bieganek
by
7.8k points
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