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Posted by on Monday, March 15, 2010 at 11:44am.

Harry borrowed $1,800 for two years at 13% a year under an
add-on plan. He repaid the loan, including interest, in 24 equal
payments. How much was each payment?

  • math - , Monday, March 15, 2010 at 12:04pm

    The first thing I wonder is how was interest compounded?

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