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15 June, 12:58

If John has taken a loan of $60,000 at a yearly interest rate of 8 percent, what is John's interest expense for every month?

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Answers (2)
  1. 15 June, 13:36
    0
    John will get $625 per month.
  2. 15 June, 13:43
    0
    I think the answer you are looking for is $400
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