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10 April, 00:31

Calculate the monthly repayments on a $25000 loan that is charged at a simple interest rate of 8% for 6 years

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Answers (2)
  1. 10 April, 02:52
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    This is how you are supposed to do in another question
  2. 10 April, 04:07
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    25,000 x 1.08 = 27,000 / 72 = 375

    $375/month
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