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11-05-2020
Mathematics

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Which loan will cost you more, the 5% on a $30,000 loan for a car, or 4% on a $300,000 loan for a house?

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AbsoluteBrain AbsoluteBrain

11-05-2020

Answer:

The loan on the house.

Step-by-step explanation:

5% of $30,000 is $1500

While, 4% of 300,000 is $12,000

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