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26-02-2024
Mathematics

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Look at the Loan Repayment Schedule chart. If the interest rate is 18% per year, why is the total of the interest payments less than $90, or $500 × 0.18?

Look at the Loan Repayment Schedule chart If the interest rate is 18 per year why is the total of the interest payments less than 90 or 500 018 class=

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