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Posted on Jul 28, 2024

Jack borrows $ 2 8 , 1 4 5 to pay for a car. The loan carries an annual rate of 4 . 5 %

Jack borrows $

28, 145

to pay for a car. The loan carries an annual rate of

4.5 %

and he wants to be debt free in

5

years by making biweekly payments

(26

per year

) .

How much interest will he pay on this loan?

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