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March 29, 2017

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dick hercher borrowed $7,000 to travel to london. his loan is to be paid in 48 monthly installments of $190. at the end of 14 months, dick decides to pay off his loan. what is the final payoff dick will make?

  • math for business and finance - ,

    Pay-off = 7000-14*190 = $4,340.

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