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26 January, 11:04

The Jones family plans to borrow $22,000 for 15 years. If the interest rate is 4.25%, how much will the family pay in interest?

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  1. 26 January, 13:30
    0
    344025

    Step-by-step explanation:

    20,000 x decimal multiplier

    decimal multiplier = 1.0425

    20,000 x 1.0425 = 20850

    20850 x 15 = 344025
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