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tynii305:
Myra took out a 20 year loan for $80,000 at an APR of 11.5% compounded monthly, approximately what would be the total cost of her loan if she paid it off 13 years early
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tynii305:
answer is C. $140,581.40
surjithayer:
\[A=P(1+\frac{ r }{ 100\times12 })^{t \times12}\] P=$80,000 t=20-13=7years r=11.5
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