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mvdp4755Posted - 15 November 2013 23:57  Show Profile
In one of the math sections there is a word problem about an individual who takes out a $100,000 loan to pay off for 10 years with an 8% interest rate. The question asks what this individual will be paying monthly. The listed answer is $666.67. After ten years of rate, the borrower would have only paid off $80,004 of the $100,000 loan.

Am I missing something here?

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