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Answer to Question #233739 in Civil and Environmental Engineering for Alan Enrico V Tuib

Question #233739
One thousand dollars is borrowed for one year at an interest rate of 1% per month. If the same sum of money could be borrowed for the same period at an interest rate of 12% per year, how much could be saved in interest charges?
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2021-09-12T00:31:39-0400

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