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Mathematics, 17.06.2020 07:57 mateotrevino1

Lucy obtains a 1-year payday loan for $5000.00 at 12% interest compounded monthly. To get the loan, she also pays an origination fee of $125.00. What is the total cost of the loan to Lucy? Enter your answer as a
dollar amount, such as: 1400.68.

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Lucy obtains a 1-year payday loan for $5000.00 at 12% interest compounded monthly. To get the loan,...
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