dmarie20642 dmarie20642

19-04-2018
Mathematics

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Aphrodite took out a 30-year loan from her bank for $170,000 at an APR of 7.2%, compounded monthly. If her bank charges a prepayment fee of 6 months' interest on 80% of the balance, what prepayment fee would Aphrodite be charged for paying off her loan 12 years early?

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01-05-2018

It's 3246.74 --- APEX

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