jmiller79841 jmiller79841
  • 25-01-2024
  • Mathematics
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John borrowed $20,000 to finance his college education. If the finance charge on the loan is 6 percent, and he will pay off the loan in 10 equal, annual, end of year payments, how much total interest will he pay?
a. $7,173.90
b. $2,717.39
c. $12,000.00
d. $25,924.23

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