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Calculate how much it would cost for you to borrow $100,000 at 10.5% interest

Calculate how much it would cost for you to borrow $100,000 at 10.5% interest
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5 votes
Calculate how much it would cost for you to borrow $100,000 at 10.5% interest

User Cheriese
by
7.5k points

2 Answers

1 vote
$110150
Because 100000*.105+100000
User John Szakmeister
by
8.7k points
1 vote

Answer:

$110,500

Explanation:

100000 * 0.105 + 100000

initial investment * interest rate + down payment

User Leshan
by
8.4k points
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