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Find the interest and final payment.
Interest:
Previous Balance: 964
Blank 1: Interest =_
Blank 2: Final Payment =
Find the interest and final payment.

Ask by Luna Simmons. in the United States
Jan 01,2025

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Answer

Interest: $115.68
Final Payment: $1,079.68

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Beyond the Answer

To calculate the interest, you can use the formula:
Interest = Previous Balance × Interest Rate
So, the interest is .
For the final payment, simply add the interest to the previous balance:
Final Payment = Previous Balance + Interest
Thus, the final payment will be .
So,
Blank 1: Interest = 115.68
Blank 2: Final Payment = 1079.68

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