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27-04-2022
Mathematics

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A loan has an APR of 8%. The maximum that Steve can pay back monthly on a loan is $129.60. He wants the loan for 1 year.

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AppleSmarts AppleSmarts

27-04-2022

Answer:

$1,679.62

Step-by-step explanation:

129.60*12=$1,555.20

You then do 1,555.2*.08, and get:124.416

You then add the 2 together to find the amount needed to be paid back.

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