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24 April, 00:35

What is the total cost of an easy-access loan of $1700 borrowed for 30 days with a 29% monthly fee?

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  1. 24 April, 00:54
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    You should find the interest (29% equals to 29/100)

    29% X1700=493

    So you have to pay $493 on top of $1700

    total : 1700+493=2193
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