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How much total interest was paid to pat by mike

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Question 1: Pat sold Mike a used car for $3,000. Mike paid $500 as a down payment and will promised to pay $1,000, $750, and $750 due each year after the purchase (years 1 through 4) with 10%, 12%, and 15% simple interest incurred for each payment. How much total interest was paid to Pat by Mike

Reference no: EM132545504

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