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Kurtis wants to buy a snowmobile, which will cost him $ 1 6 , 0 9 9 after taxes. He made a deal with the

Kurtis wants to buy a snowmobile, which will cost him $

16, 099

after taxes. He made a deal with

the dealership to pay off the snowmobile after

4

years. The dealership is charging him

5 %

interest, compounded semi

-

annually. How much will this loan cost him?

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