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    Exam 13: Loan Amortization: Mortgages
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    How Much Interest Would You Pay in Total on a 48-Month
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How Much Interest Would You Pay in Total on a 48-Month

Question 68

Question 68

Multiple Choice

How much interest would you pay in total on a 48-month, $20,000 car loan at 13.2% compounded monthly?


A) $3,750
B) $4,759
C) $7,128
D) $5,850
E) $11,537

Correct Answer:

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