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8 of 20 Fill in the blanks: 1 Point Supposing that you borrowed $5,000 from a friend with agreement that you pay back the amount
8 of 20 Fill in the blanks: 1 Point Supposing that you borrowed $5,000 from a friend with agreement that you pay back the amount with 6% simple interest per year. How much is the amount payable after 4 years? ANSWER: $ (Use two decimal places; Round off your answer to the nearest centavo; Do not use commas)
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