mortgage, what is the total amount of interest? *

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Question
Mr. Uwu borrowed 1,000,000 pesos
to purchase a car. If his monthly
payment is 26,758 pesos on a 5 year
mortgage, what is the total amount
of interest? *
Your answer
Transcribed Image Text:Mr. Uwu borrowed 1,000,000 pesos to purchase a car. If his monthly payment is 26,758 pesos on a 5 year mortgage, what is the total amount of interest? * Your answer
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