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Mathematics 19 Online
OpenStudy (anonymous):

PLEASE HELP ASAP!!! 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. $6090.63 B. $4943.37 C. $4623.49 D. $6099.06

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