Installment Loan
Principal
$1500.00
Term Length
4 years
How much of the fi...
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Mathematics, 30.04.2021 18:10 williampagan9532
Installment Loan
Principal
$1500.00
Term Length
4 years
How much of the first
payment for the
installment loan
6% shown in the table will
go towards interest?
Interest Rate
Monthly Payment
$35.00
A. $27.50
B. $7.50
C. $2.10
D. $32.90
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Answers: 3
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