Question 8 1 pts Every two weeks, Betty makes a $294 payment toward a car loan whose annual rate is 4%. If she will be debt-free in 4-years, how much interest will she pay on this loan? Round your answer to the nearest dollar.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Question 8
1 pts
Every two weeks, Betty makes a $294 payment toward a car loan whose annual
rate is 4%. If she will be debt-free in 4-years, how much interest will she pay on
this loan?
Round your answer to the nearest dollar.
Transcribed Image Text:Question 8 1 pts Every two weeks, Betty makes a $294 payment toward a car loan whose annual rate is 4%. If she will be debt-free in 4-years, how much interest will she pay on this loan? Round your answer to the nearest dollar.
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