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OpenStudy (anonymous):
Carrie purchased a motorcycle for $7,948. She made a down payment of $3,625. She applied for a four-year installment loan with an interest rate of 12.2%. What is the total cost of the motorcycle after four years? $5,484.96 $10,083.84 $9,109.96 $13,708.84
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OpenStudy (anonymous):
@CRagoo1 Any idea which formula to apply?
OpenStudy (anonymous):
$5,484.96
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