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Cleo buys a new car for $18,900. The simple interest rate is 6.6% and the amount of loan (plus simple interest) is repayable in 5 years. What is the total amount that must be repaid?

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Answer:

$6,237 down payment

Step-by-step explanation:

calculated [tex]18,900[/tex]×[tex]6.6%[/tex]%×[tex]5 = $6,237[/tex]

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