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Tracy Finely obtained a loan of $2,500 to buy a computer and a printer. The interest rate is 8.5% and the monthly payment over 24 months is $113.64. How much of the first monthly payment is interest?
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Tracy Finely obtained a loan of $2,500 to buy a computer and a printer. The interest rate is 8.5% and the monthly payment over 24 months is $113.64. How much of the first monthly payment is interest?

User Gimelist
by
7.1k points

2 Answers

2 votes

Answer:

actually it's $9.56 bc $9.66 isn't an option

User Agaase
by
7.0k points
1 vote
Track will overall end
User Celso Wellington
by
7.0k points
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