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29 July, 12:05

What is the total payment for a 6700 loan at 13.5 percent for 5 years

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Answers (2)
  1. 29 July, 12:07
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    if I did the problem right the answer should be 45225
  2. 29 July, 12:14
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    Interest charged: I=prn=6700*0.135*5 = 4522.50

    Total re-payment: 6700+4522.50 = 11 222.50
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