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2 years ago

15

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:

Setler79 [48]2 years ago

6 0

Answer:

The student must pay 4247.5 - 4000 = 247.50 dollars in interest

Step-by-step explanation:

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