If you borrow $3,000 at 6% simple interest per year for seven years, how much will you

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If you borrow $3,000 at 6% simple interest per year for seven years, how much will you have to repay at the end of seven years?(4.2)

(a) $3,000

(b) $4,511

(d) $1,511

(e) $4,260

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Engineering Economy

ISBN: 978-0133439274

16th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

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Question Posted: Dec 03, 2018 12:43 PM

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If you borrow $3,000 at 6% simple interest per year for seven years, how much will you

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Engineering Economy

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