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Business, 12.08.2020 04:01 loredohome

Margaret’s car loan statement said that she would pay $7,683.20 in interest for a 5-year loan at an interest rate of 9.8%. Assuming this is an example of simple interest, how much did Margaret borrow to buy the car?

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Margaret’s car loan statement said that she would pay $7,683.20 in interest for a 5-year loan at an...
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