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8 December, 07:10

Find I. Choose the correct answer.

Amount Financed (m) = $1,400 Number of Payments per year (y) = 12 Number of Payments (n) = 24 Total Interest (c) = $200.50

I =

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  1. 8 December, 07:31
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    (2*12*200.50) : (2,500*25) * 100=7.7%
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