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Mathematics, 09.11.2020 21:00 nicolew647

Ken bought a new car and had to borrow $6,500 from the bank. The bank charged a simple interest rate of 10.5% for the 5 years he had the bank loan. What was the total cost of the loan? $3,412.50 $9,912.50 $3,087.50 $40,605.00

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