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To attend the University of California Los Angles, the bank agrees to give you $48,000 loan with a 2%

simple interest rate for 9 years,
How much will you owe back to the bank?
You have 15 years to payback the loan. How much will your monthly payments?

User Lukassz
by
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1 Answer

8 votes

Answer:

The answer is

$733.76 monthly payments.

User Luis Casillas
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