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4.You are buying a car today and will pay back $269.75 per month for 48 months. You make your first payment today. If the rate
4.You are buying a car today and will pay back $269.75 per month for 48 months. You make your first payment today. If the rate is 3.6%, how much did you borrow?
5.You charged $2321 on a credit card. If you pay the minimum payment per month of $41.67, you will pay it off after making 93 payments. How much total interest will you pay?
6.Your best friend opened an investment account with a deposit of $154.71 today. They will continue to deposits every two weeks into an account that they hope will earn an interest rate of 8.06% per year. How much will they have in 17 years?
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Contemporary Business Mathematics With Canadian Applications
Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday
12th Edition
0135285011, 978-0135285015
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