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23-12-2022
Mathematics

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Mark’ mother i planning to borrow $25,000 to remodel the retaurant he own. He contacted everal loan companie, and he i comparing two different option. Company 1 offer an interet rate of 5. 25%. Company 2 offer an interet rate of 8. 5%. Both loan option involve imple interet and mut be repaid in exactly 3 year. How much more will mark’ mother pay in interet if he chooe to borrow the money from company 2?

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