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EASY POINTS! A small business takes out an $18,800 loan from a bank. How much will the small business need to repay one year later if the interest is 4.4%? $32,720 $19,627.20 $4…

EASY POINTS! A small business takes out an $18,800 loan from a bank. How much will the small business need to repay one year later if the interest is 4.4%? $32,720 $19,627.20 $4…
asked 71.9k views
4 votes
EASY POINTS!

A small business takes out an $18,800 loan from a bank. How much will the small business need to repay one year later if the interest is 4.4%?

$32,720
$19,627.20
$42,727
$827.20

asked
User Olivier Dehaene
by
9.1k points

1 Answer

5 votes

Answer:

$827.20

Explanation:

0.044 x 18800 = 827.20

answered
User Rafdro
by
8.0k points
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