XxsparkyxX5628 XxsparkyxX5628
  • 14-02-2020
  • Business
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Diana took out a single payment loan for $810 that charged a $50 fee. How much does she have to pay by the time the loan reaches maturity?

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TomShelby
TomShelby TomShelby
  • 15-02-2020

Answer:

Diana will pay 860 dollars

Explanation:

For a single payment loan all the debt is due at maturity- Principal + interest or in this case, fees.

It will pay the principal of 810 dollars and the 50 dollar fee

That is 810 principal + 50 fee = 860

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leanwithme leanwithme
  • 04-12-2020

Answer:

860

Explanation:

Answer Link

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