John took out a loan to do some repairs on his home. He borrowed
$25,000 for 6 years. The bank...
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Mathematics, 06.04.2020 23:04 rndbwls5760
John took out a loan to do some repairs on his home. He borrowed
$25,000 for 6 years. The bank compounded the interest monthly and
charged a 6.5% interest rate. How much interest did he have to pay to
borrow the money? Round to the nearest cent. *
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Answers: 3
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