What payment is required to pay off a loan of $1750.00 at 7.25% fourteen months later?
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Answer:
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Answered by
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Step-by-step explanation:
p=1750/-
r=7.25%
t=14/12 years
S.I= (p×r×t)/100
=(1750×725×14)/120000
=148.02
Amount=P+S.I
=1750+148.02
=1898.02/-Ans
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