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You borrow $600 to buy a violin. The simple interest rate is 15%. You
pay off the loan after 5 years. How much do you pay for the loan?
What would the monthly payment be for the loan?

Respuesta :

cannonsa

Answer:

$1050

Step-by-step explanation:

$600*15%*5=$450 interest

interest+borrowed=loan

$450+$600=$1050

I don't know the monthly payment sorry

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