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  3. a person borrows 9000 and agrees to repay the loan

A person borrows 9000 and agrees to repay the loan in monthly installments over 5...

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Basic Math

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A person borrows 9000 and agrees to repay the loan in monthly installments over 5 years The agreement is to pay 1 of the unpaid balance each month for using the money and 150 each month to reduce the loan What is the total cost of this loan that is what is the sum of all the monthly interest payments Cost of loan

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