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29 January, 02:05

Lilly owes $52,000 in a student loans for college. If the loan will be repaid in 5.5 years and the interest rate charged is 6.75%, then how much will she pay altogether?

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  1. 29 January, 02:28
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    I=prt

    I=52000*0.0675*5.5=19305

    So she will pay 52000+19305=71305
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