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by megcham on March 20th, 2010
Zero, because I'm going to bet that you aren't going to pay back that loan.
by hawk1461 on March 20th, 2010
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by hawk1461 on March 20th, 2010
around 89.00
by srosa on March 20th, 2010
Well, assuming the interest is only applied once and not on an ongoing monthly basis:
Take 12.0% and change it to a decimal by moving the decimal two spaces to the left. That gives us .12
Now take 740 and multiply it by .12 to determine the interest. That gives us $88.80.
Finally add 88.8 to 740 to get $828.80, your total with interest.
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You're reading I received a $740 loan with the agreement to to repay in one year with 12 percent interest, how much is the repayment
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