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    Using and Understanding Mathematics
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    Exam 4: Managing Money
  5. Question
    Solve. -Determine the Total Payment Over the Term of a Student
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Solve. -Determine the Total Payment Over the Term of a Student

Question 55

Question 55

Multiple Choice

Solve.
-Determine the total payment over the term of a student loan of $60,097 at a fixed APR of 7% for 20 years.


A) $111,823.54
B) $111,802.23
C) $111,853.35
D) $111,898.07

Correct Answer:

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