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3 April, 21:16

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

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Answers (2)
  1. 3 April, 22:49
    0
    Interest charged: I=prn=6700*0.135*5 = 4522.50

    Total re-payment: 6700+4522.50 = 11 222.50
  2. 3 April, 23:30
    0
    if I did the problem right the answer should be 45225
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