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18-06-2016
Mathematics

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John borrowed $1200 from his credit union at 18% simple interest. He agrees to repay the loan by making
30 equal monthly payments.
11. How much is the finance charge? (Remember interest rate and time must have matching units.)

Respuesta :

18-06-2016

1200 (1+.8 * 30/12) = 1740.00
1740.00 - 1200 = $540

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