If you lend $3600 to a friend for 15 months at 8% annual simple interest, find the future value of the loan.

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter13: Sequences And Series
Section13.4: Mathematics Of Finance
Problem 16E
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If you lend $3600 to a friend for 15 months at 8% annual simple interest, find the future value of the loan.
$__________

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