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Find the finance charge for a $25,000, three year loan with a 9.25% apr. How much interest is paid
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Find the finance charge for a $25,000, three year loan with a 9.25% apr. How much interest is paid

User Himmet Avsar
by
8.6k points

1 Answer

11 votes

Answer:

$6,937.50

Explanation:

Interest = Principal x Rate x Time

I = 25000(.0925)(3)

User Sweenish
by
7.8k points
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