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. Wha

Question

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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Hải Đăng 2 months 2021-08-28T07:39:55+00:00 1 Answers 0 views 0

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    2021-08-28T07:41:14+00:00

    Answer:

    $6,237 down payment

    Step-by-step explanation:

    calculated 18,900×6.6%5 = $6,237

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