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A company offering short term loans agrees to lend Nicholas $1,200. The amount (plus interest) is repayable in 12 years, and the simple interest rate
A company offering short term loans agrees to lend Nicholas $1,200. The amount (plus interest) is repayable in 12 years, and the simple interest rate is 12%. What is the total amount that must be repaid? Round your answer to the nearest dollar. Do NOT round until you have calculated your final.
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Applied Fluid Mechanics
Authors: Robert L. Mott, Joseph A. Untener
7th edition
132558920, 9780133414622 , 978-0132558921
