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Colby took out a sinlge payment loan for $550 that charged a $60 fee. How much does he have to pay by the time the loan reaches maturity?

Colby took out a sinlge payment loan for $550 that charged a $60 fee. How much does he have to pay by the time the loan reaches maturity?
asked 181k views
4 votes
Colby took out a sinlge payment loan for $550 that charged a $60 fee. How much does he have to pay by the time the loan reaches maturity?

asked
User Pagetribe
by
8.2k points

2 Answers

2 votes

Answer:

Step-by-step explanation610:

answered
User KeithP
by
8.3k points
3 votes
He has to pay by the time the loan reaches maturity
550+60=610
answered
User Lupos
by
8.4k points
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