madina4 madina4

15-08-2016
Mathematics

Answered

At a rate of 4%, you paid $144.00 in interest over a two-year period. What was the original amount of your loan?

A. $2,250.00
B. $2,000.00
C. $1,800.00
D. $2,550.00

Verified Answer :

antonsandiego antonsandiego

22-08-2016

C. $1,800.00
FV=1800(1+0.042)=1944

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