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Harold wants to borrow $1,400 for 5 years. The interest rate is 9%. How much interest will he pay over the course of the loan? A. $6,300 B. $2,030 C. $630 D. $126
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Harold wants to borrow $1,400 for 5 years. The interest rate is 9%. How much interest will he pay over the course of the loan? A. $6,300 B. $2,030 C. $630 D. $126

User Robert Green MBA
by
8.6k points

2 Answers

4 votes

Answer:

630

Explanation:

User Christ
by
8.1k points
5 votes

Answer:

$630.00

Explanation:

$1,400.00 x .09 =$126.00 x 5 =$630.00

User PSchn
by
8.1k points
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