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Questions and Answers
Based on the information provided, what is the total amount of money Mrs. Sanchez borrowed?
Based on the information provided, what is the total amount of money Mrs. Sanchez borrowed?
- $110,000
- $90,000 (correct)
- $105,000
- $95,000
What is the interest rate Mrs. Sanchez is being charged for the loan?
What is the interest rate Mrs. Sanchez is being charged for the loan?
- 8%
- 9%
- 9.5% (correct)
- 10%
How long will Mrs. Sanchez take to repay the loan?
How long will Mrs. Sanchez take to repay the loan?
- 3 years
- 4 years
- 6 years
- 5 years (correct)
According to the information provided, what is the total interest that Mrs. Sanchez will pay over the five years?
According to the information provided, what is the total interest that Mrs. Sanchez will pay over the five years?
What is the total amount that Mrs. Sanchez will have to repay at the end of the five years?
What is the total amount that Mrs. Sanchez will have to repay at the end of the five years?
How much will Mrs. Sanchez owe after the first year of borrowing?
How much will Mrs. Sanchez owe after the first year of borrowing?
According to the information provided, what is the total interest that Mrs. Sanchez will pay on her loan?
According to the information provided, what is the total interest that Mrs. Sanchez will pay on her loan?
How much money will Mrs. Sanchez have to repay in total, including the interest?
How much money will Mrs. Sanchez have to repay in total, including the interest?
What is the monthly payment that Mrs. Sanchez will have to make to repay the loan in five years?
What is the monthly payment that Mrs. Sanchez will have to make to repay the loan in five years?
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