Suppose that the initial loan is 19000 and the interest, Ask an Expert

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Suppose that the initial loan is $19,000 and the interest rate is 1.1% per month. Interest due is paid at the end of each month. $9,500 of the original unpaid balance is to be repaid at the end of months two and four only. How much total interest would have been paid by the end of month four?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91298203

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