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11 March, 23:03

Martin wants to buy a new car. The price of the car is $28,249. If Martin gets a bank loan with a simple interest rate of 3.49% what will be the final cost of the car after 5 years?

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  1. 11 March, 23:53
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    The final cost is 28249 * (1+3.49/100) ^5=33534.74
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