Find the interest to be paid for the period on loans with the following remaining principal and

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Find the interest to be paid for the period on loans with the following remaining principal and given annual interest rate. Each period is a month.

1. Remaining principal is $\$ 56,945$, interest rate is $7.5 \%$

2. Remaining principal is $\$ 25,850$, interest rate is $2.9 \%$

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Find the interest to be paid for the period on loans with the following remaining principal and

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Contemporary Mathematics

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