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Answer to Question #235775 in Accounting for brittni
Question #235775
- Click “Show Amortization Table,” which shows how each one of Molly’s payments is being applied to her principal and interest. How much total interest will Molly pay using this plan?
Expert's answer
Loan amount needed= $25495-$2500-$500= $22495
Amortization schedule (interest @ 1.9% APR, 84 months repayment)
Total interest= $1546.87
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