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Mathematics
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OpenStudy (anonymous):
Apollo took out a 30-year loan from his bank for $180,000 at an APR of 8.4%, compounded monthly. If his bank charges a prepayment fee of 6 months' interest on 80% of the balance, what prepayment fee would Apollo be charged for paying off his loan 14 years early? A) $4623.49 B) $4943.37 C) $6099.06 D) $6090.63 PLEASE HELP 🙏
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