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You borrow $2000 for three years at an annual interest rate of 12% what is the total cost of the loan at the end of the three years

You borrow $2000 for three years at an annual interest rate of 12% what is the total cost of the loan at the end of the three years
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You borrow $2000 for three years at an annual interest rate of 12% what is the total cost of the loan at the end of the three years

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User Mahfud Harun
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1 Answer

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Answer:

2,391 paid altogether. The interest Rate was another 391 dollars.

Explanation:

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User Arshdeep
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