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13-01-2021
Mathematics

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What is the monthly payment rate for a $20,000 loan for 4 years with an annual interest rate of 4.8%?

Respuesta :

Marcarthy Marcarthy

13-01-2021

Answer:

3840

Step-by-step explanation:

Calculate your total interest by using this formula: Principal Loan Amount x Interest Rate x Time (aka Number of Years in Term) = Interest.

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