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What is the amount of interest

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Which results in a lower total interest? charge, borrowing ?$1,140 to be repaid 12 months later as a? single-payment loan or borrowing ?$1,140 to be repaid as a? 12-month installment? loan? Assume a simple interest method of calculation at 12 percent interest.

I know that The amount of interest on the? single-payment loan is ?$136.80

What is the amount of interest on the? 12-month installment loan?

Reference no: EM133014716

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