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Mathematics, 17.10.2020 09:01 dondre54

Kyle gives Jake $20,000 in June for his business with the agreement that it will be repaid +10% interest. He hast to pay an equal amount every month for eight months. Answer the following questions A) what is the total amount he will have to pay (that’s the amount borrowed plus another 10%)? B) how much does he have to pay each month for those eight months rounded to the nearest cent (hundredth)?

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