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9 July, 17:17

The best interest rate for a borrower on a $5,000 loan for 5 years is:

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Answers (2)
  1. 9 July, 17:35
    0
    So, $83.40 should be paid monthly

    Step-by-step explanation:

    5000 divided by 5 = 1000

    1000 should be paid yearly

    1000 divided by 12 = 83.40

    12 represents the number of months in a year.
  2. 9 July, 17:44
    0
    The answer is $83.40
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