Answered: Susan loaned Joey $16,840 at an…

Susan loaned Joey $16,840 at an interest rate of 17% for 4 years. How much will Joey pay Susan at the end of 4 years? Round your answer to the nearest cent, if necessary.

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter2: Solving Linear Equations

Section2.2: Use A Problem Solving Strategy

Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...

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Question

Susan loaned Joey $16,840 at an interest rate of 17% for 4 years. How much will Joey pay Susan at the end of 4 years? Round your answer to the nearest cent, if necessary.

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