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4 December, 04:24

Diana took out a single payment loan for $810 that charged a $50 fee. How much does she have to pay by the time the loan reaches maturity?

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  1. 4 December, 05:36
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    Diana will pay 860 dollars

    Explanation:

    For a single payment loan all the debt is due at maturity - Principal + interest or in this case, fees.

    It will pay the principal of 810 dollars and the 50 dollar fee

    That is 810 principal + 50 fee = 860
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