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Mathematics 7 Online
OpenStudy (anonymous):

You have just finished paying off your $35,125 loan, a feat which took ten years of quarterly payments. The loan had an interest rate of 7.44%, compounded quarterly. If you also paid $5,180.70 in service charges, what percentage of the total cost was made up by your finance charges? Round all dollar values to the nearest cent. a. 25.69% b. 36.47% c. 57.41% d. 27.10%

OpenStudy (anonymous):

25.69%

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