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18 June, 02:31

John borrows $3000 to

purchase new furniture. he will pay back the loan in 12 monthly payments of $333 how much will the loan cost?

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Answers (1)
  1. 18 June, 03:09
    0
    The answer is $3,996

    To get this you will need to multiply the monthly payments ($333) by the total number of payments (12)

    $333x12 = $3996

    PS: You also payed $996 in intrest
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