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What is the total interest you will pay for this loan

Problem:

Bank of America recently offered 48 month loans at 5.7% compounded monthly to applicants with a good credit rating. You have good credit and can afford to make payments of $302, how much can you borrow from Bank of America? What is the total interest you will pay for this loan?

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Finance Basics: What is the total interest you will pay for this loan

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Finance Basics: What is the total interest you will pay for this loan

Reference No:- TGS02038928

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