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Adel Borrowed $6,500, 2 ½ Years Ago

Question 261

Multiple Choice

Adel borrowed $6,500, 2 ½ years ago. She made a $800 payment 18 months ago. Using the financial functions on the calculator, determine how much she has to pay now if interest is 6.2% compounded monthly?


A) $6,128.21
B) $6,235.48
C) $6,708.99
D) $6,489.55
E) $6,656.47

Correct Answer:

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