in order to start a small business a student takes out a simple interest loan for $8,000 for 6 months at a rate of 6.25%, how mu
ch interest must the student pay and find the future value of the loan round to the nearest cent as needed
1 answer:
Answer:
The student must pay 4247.5 - 4000 = 247.50 dollars in interest
Step-by-step explanation:
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