Cleo buys a new car for $18,900. The simple interest rate is 6.6% and the amount of loan (plus simple interest) is repayable in 5 years. What is the total amount that must be repaid?
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Cleo buys a new car for $18,900. The simple interest rate is 6.6% and the amount of loan (plus simple interest) is repayable in 5 years. What is the total amount that must be repaid?
You must be logged in to post a comment.
Answer:
$6,237 down payment
Step-by-step explanation:
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