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Answer to Question #317097 in Economics of Enterprise for kai

Question #317097

how much total interest will molly pay using this plan


1
Expert's answer
2022-03-24T16:11:07-0400

Amount of loan required;

"\\$25495-\\$2500-\\$500=\\$22495"

Amortization schedule (interest @ 1.9% APR, 84 months repayment)



Adding the interests,the total interest molly will pay will be;

"\\$1546.87"


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