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39 votes
39 votes
5) Ally is buying a speed boat for $10,000 with a down payment of $2,500. The bank approved a simple interest flat rate loan for 5 years at 7% APR. How much are the monthly loan payments?

(round to the nearest cent)
A) $157.50
B) $168.75
C$180.00
D) $191.25

User Dxx
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1 Answer

27 votes
27 votes

Answer

168.75

Explanation:

I took the test on k12 trust me

User Mickey Puri
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