Mathematics, 17.12.2020 23:00 gabbie63

Let us say you go to purchase it. Most likely you will need to take out a loan. We are going to say that the interest rate on that loan is 5% (simple interest). Pretend you pay the loan off after 4 years. How much interest do you pay on your loan? Show all your work (2 points) * Hint Use the simple interest formula, I = Prt.

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Let us say you go to purchase it. Most likely you will need to take out a loan. We are going to say...

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