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Posted on Apr 01, 2024

Your company has taken out a 1 year installment loan for 7 2 , 5 0 0 at a nominal rate of 1 9 .

Your company has taken out a

1

year installment loan for

72, 500

at a nominal rate of

19.5 %

but with equal end of month payments. what is the total interest payment in the second half of the year?

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