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19 February, 04:08

A cellphone rental business borrows $1,500 to expand the business to a neighboring town. The owner has to make equal monthly payments for one year of $150 each. What is the total loan repayment amount?

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  1. 19 February, 04:10
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    So he has to pay $150 a month for 1 year.

    so $150*12months = $1800
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