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OpenStudy (anonymous):
given Annual intrest rate 4%, loan amount $10000, length of year 1 year, monthly payment on the loan $ 851.50. what is total intrest rate paid on loan?
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OpenStudy (anonymous):
@jim_thompson5910
OpenStudy (phi):
my first thought is figure out how much you pay: 12*851.50 whatever amount over 10,000 will be the interest.
OpenStudy (anonymous):
I think its wrong... :(
OpenStudy (anonymous):
@agent0smith pplease help
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