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Practice 8.12(B)

Calculate the total cost of repaying a loan, including credit cards and easy access loans, under various rates of interest and over different periods using an online calculator.

Multi-Step Example
Maya wants to buy a new refrigerator that costs $1,379.99. She takes out an easy access loan with terms as shown. What is the total cost to repay the loan?
Find an online calculator on the Internet, like
the one shown. Enter the information. Press
Calculate to determine the monthly payment.
The monthly payment is ______and the
length of the loan is _____ months.
Multiply the monthly payment by the number
of months.
______× ______= ______
So, the total cost to repay the loan is ______


Name______Date______Period______