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MAT 105: Business Mathematics (4216_2521) Homework: HW 22 - 12.3 Early Payoffs of Loans Question 1, 12.3.1 Part 1 of 2 Apply the United States
MAT 105: Business Mathematics (4216_2521) Homework: HW 22 - 12.3 Early Payoffs of Loans Question 1, 12.3.1 Part 1 of 2 Apply the United States rule to determine the balance at maturity and the total interest paid if the remainder of the loan is paid at maturity Principal Interest Loan Length Partial Rate % 1 (Days) Payment Payment on Day # $8700 9 170 $1800 68 The total interest paid on the loan is $ (Round the final answer to the nearest cent. Round all intermediate values to the nearest cent.)
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