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A friend asks to borrow $500 from you. She wishes to pay you back at the end of six months and agrees to pay 6%
A friend asks to borrow $500 from you. She wishes to pay you back at the end of six months and agrees to pay 6% simple interest. How much interest will you earn?
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To calculate the interest earned on a 500 loan with a 6 simple interest rate over six months ...
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
