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Answer to Question #317097 in Economics of Enterprise for kai
Question #317097
how much total interest will molly pay using this plan
Expert's answer
Amount of loan required;
"\\$25495-\\$2500-\\$500=\\$22495"
Amortization schedule (interest @ 1.9% APR, 84 months repayment)
Adding the interests,the total interest molly will pay will be;
"\\$1546.87"
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