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    Contemporary Business Mathematics Study Set 1
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    Exam 7: Simple Interest
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    What Payment Is Required to Pay Off a Loan of $1750.00
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What Payment Is Required to Pay Off a Loan of $1750.00

Question 97

Question 97

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What payment is required to pay off a loan of $1750.00 at 7.25% fourteen months later?

Correct Answer:

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P = 1750.00; r = 0.0...

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