Chandler takes out a loan for $2,400. The loan length is 18 months at 6.5% and the monthly payment is $140.30. What will be his total cost to repay the loan? $

Intermediate Algebra
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ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Chandler takes out a loan for $2,400. The loan length is 18 months at 6.5% and the monthly payment is $140.30.
What will be his total cost to repay the loan? $
Transcribed Image Text:Chandler takes out a loan for $2,400. The loan length is 18 months at 6.5% and the monthly payment is $140.30. What will be his total cost to repay the loan? $
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