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PLS HELP ASAP!!
2. Sara borrowed $5,000 from her
father for 1 year at a simple interest
rate of 12.5% per year. Over a two-
year period, she made equal
monthly payments to pay back the
loan plus the interest on the loan.
About how much was her monthly
payment?
A. $520.83
B. $468.75
C. $260.42
D. $234.38

Respuesta :

panhongru02

Answer:

D

Step-by-step explanation:

[tex]A = P(1 + \frac{r}{n})^{nt}\\[/tex]

[5000* (1+0.125)]/12 =234.375, rounds up to $234.38

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