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Mathematics, 17.08.2021 14:00 enevjordan

You and your family are planning a vacation of a lifetime around the world that will cost $25,000. You borrowed this amount from your bank with an annual interest rate of 10.5%. You decided to pay it back in 5 years. What is the interest that will accrue on this loan? $3,125.00

$131,250

$13,125.00

$312.50

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