Rita takes out a simple interest loan for ($ 4,000) for 5 years. Her interest rate is

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Rita takes out a simple interest loan for $\$ 4,000$ for 5 years. Her interest rate is $7.88 \%$. How much will Rita pay when the loan is due?

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Question Posted: May 29, 2024 08:04 AM

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Rita takes out a simple interest loan for ($ 4,000) for 5 years. Her interest rate is

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Contemporary Mathematics

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