At the beginning of the first year the outstanding, Financial Management

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At the beginning of the first year the outstanding

You take out a new loan. At the beginning of the first year, the outstanding principal is $600. At the end of the first year, there is $450 principal outstanding. Your monthly payments are $15. How much interest did you pay in the first year?

a) $45

b) $180

c) $30

Please describe how to solve using a financial calculator

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