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  2. Topic
    Mathematics
  3. Study Set
    Financial Algebra Advanced
  4. Exam
    Exam 3: Consumer Credit
  5. Question
    The Total Interest on a 5 Year 5\(\times\) 0052\(\times\) 5 = $2,600
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The Total Interest on a 5 Year 5 ×\times× 0052 ×\times× 5 = $2,600

Question 30

Question 30

True/False

The total interest on a 5 year 5.2% loan with a principal of $10,000 is 10,000 ×\times× 0.052 ×\times× 5 = $2,600.

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