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Posted on Jul 14, 2024

A lender charges you $523 monthly to take out a loan of $10,000 for five years. How much did this loan cost you, in total?

A lender charges you $523 monthly to take out a loan of $10,000 for five years. How much did this loan cost you, in total? Note that an interest rate is not needed to answer this question (Round to the nearest whole number, commas are okay, for example if answer is 12,456.)

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