Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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If a person borrows $2,400 and repays the loan by paying $200 per month to reduce the loan and 1% of the unpaid
balance each month for the use of the money, what is the total cost of the loan over 12 months?
The total cost of the loan is $
(Type a whole number.)
CHI
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