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How much interest is refunded

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Reference no: EM131623123

Question: 1. A loan for 36 months requires $1,798 interest. The loan is paid in full with 6 months remaining. How much interest is refunded?

2. Ruth Brechner borrowed money to purchase a retail business. The 60-month loan had $4,917 interest. Ruth's business flourished and she repaid the loan after 50 months. How much interest refund did she receive?

Reference no: EM131623123

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