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What is the interest amount due on the loan

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1) Madalena borrows $300,000 from TD Bank at an annual interest rate of 8%. What is the amount of interest she will pay per year?

2) Jose has a 25,000 loan with a 5% annual interest rate, with a payment due April 1st. What is the interest amount due on the loan?

Reference no: EM132670185

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