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Mathematics, 23.01.2021 04:20 destineedeal1
You plan to purchase items for $4000 and will finance the cost with a fixed installment loan. The seller tells you that you will have to pay $100 per month for 48 months
(a) how much money will you pay for interest ( ie the finance charge
(b) what is the interest percent rate
(c) If this loan is for 48 months, what should T be (in years)?
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Answers: 1
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