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You owe $7,000 to a credit card. You decide to pay more than the minimum required and you want to repay the balance in
You owe $7,000 to a credit card. You decide to pay more than the minimum required and you want to repay the balance in 60 months. The loan charges an interest rate of 1.3% every month. What is the total interest payment over the life of the loan?
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To find the total interest payment over the life of the loan we first need to calculate the monthl...
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Contemporary Business Mathematics With Canadian Applications
Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday
12th Edition
0135285011, 978-0135285015
