Dave wants to borrow $22,000 from First Finance Bank. The bank will give him a 15-year loan

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Dave wants to borrow $22,000 from First Finance Bank. The bank will give him a 15-year loan at an interest rate of 4.85%. How much will he pay the bank in interest over the life of the loan? Round to the nearest hundred dollars.

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Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

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Question Posted: Apr 14, 2016 04:45 AM

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Dave wants to borrow $22,000 from First Finance Bank. The bank will give him a 15-year loan

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Use the monthly payment formula and substitut...View the full answer

Financial Algebra advanced algebra with financial applications

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