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Mathematics, 04.05.2020 23:13 jaylola

How wouldthe total payment on a 5-year loan at 3% annnual simple interest compare withthe total payment on a 5-year loan where one-twelfth of that simple interest 0.25%, is calculated monthly? Give an example.

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How wouldthe total payment on a 5-year loan at 3% annnual simple interest compare withthe total paym...
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