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Andres Michael bought a new boat. He took out a loan for $24,440 at 3.75% interest for 4 years. He made a $4,410 partial payment
Andres Michael bought a new boat. He took out a loan for $24,440 at 3.75% interest for 4 years. He made a $4,410 partial payment at 4 months and another partial payment of $2,590 at 8 months. How much is due at maturity? (Do not round intermediate calculations. Round your answer to the nearest cent.) Maturity value Nolan Walker decided to buy a used snowmobile since his credit union was offering such low interest rates. He borrowed $4,800 at 3.25% on December 26, 2019, and paid it off February 21, 2021. How much did he pay in interest? (Assume ordinary interest and no leap year) (Use Days in a year table.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Interest paid Andres Michael bought a new boat. He took out a loan for $24,440 at 3.75% interest for 4 years. He made a $4,410 partial payment at 4 months and another partial payment of $2,590 at 8 months. How much is due at maturity? (Do not round intermediate calculations. Round your answer to the nearest cent.) Maturity value Nolan Walker decided to buy a used snowmobile since his credit union was offering such low interest rates. He borrowed $4,800 at 3.25% on December 26, 2019, and paid it off February 21, 2021. How much did he pay in interest? (Assume ordinary interest and no leap year) (Use Days in a year table.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Interest paid
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