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savannahweber savannahweber
  • 29-11-2016
  • Mathematics
Answered

What is the total interest on a 10 year 6.1% loan with a principle of 32,000

Verified Answer :

Anonymous Anonymous
  • 29-11-2016

F = 32,000 (1+ 0.061*10)

F = 51,520

That makes the total interest equal 51,520 -32,000 = 19, 520.

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