Laura takes out an ($ 18,400) loan for 120 days at (17.9 %) simple interest. She makes

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Laura takes out an $\$ 18,400$ loan for 120 days at $17.9 \%$ simple interest. She makes a partial payment of $\$ 7,500$ after 45 days. What is her payoff amount at the end of the loan?

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Question Posted: May 29, 2024 08:04 AM

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Laura takes out an ($ 18,400) loan for 120 days at (17.9 %) simple interest. She makes

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Contemporary Mathematics

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