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Asked Dec 12, 2019

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*Section 3.1 (17)*

*Compute the specified quantity. Round all answers to the nearest month, the nearest cent, or the nearest* 0.001%, *as appropriate.*

*You take out a 6-month, $5000 loan at 8% annual simple interest. How much would you owe at the end of the 6 months?*

Step 1

Recall the follow...

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