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NASSAU COMMUNITY COLLEGE Nan Class: Dates Name: ID: A 48. Suppose you borrowed $15,000 at a rate of 10.0% and must repay it in 5

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NASSAU COMMUNITY COLLEGE Nan Class: Dates Name: ID: A 48. Suppose you borrowed $15,000 at a rate of 10.0% and must repay it in 5 equal installments at the end of each or the next 5 years. How much interest would you have to pay in the first year? a $1,680.00 b. $1,410,00 c. $1,500.00 d. $1,380.00 c. $1.710.00

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