Business

Lee purchased an automobile for $17,000 with a 16.0% APR for 78 months. Lee pays off the loan in 30 months. How much interest will Lee receive?

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  1. Lee won't "receive" any interest. But, if you want to know how much interest he'll save, then figure the interest he'd pay for 6 1/2 years (78 months). Then figure the interest he'll pay for 2 1/2 years (30 months). Subtract the difference.

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    Ms. Sue
  2. Hi. My name is Niels, and i come from Denmark. i go to business school, and i am doing a project right now about North Korea.
    it is includes the two subjects: society, and international economy.
    the exact thing i am writing about is: North Koreas economy, the people in North Korea and North Korea's future.
    i am going to an examination soon, where i have to tell some of the most important things in my project, but i also have to include some new things. i hope you can help me, with which new things would be good to include.
    the best regards, Niels

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