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Ali takes out a loan for his college tuition from a bank that charges simple interest at an annual rate of 1 4 % .
Ali takes out a loan for his college tuition from a bank that charges simple interest at an annual rate of His loan is for $ for months. Assume each month is of a year. Answer each part below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas.
Ali takes out a loan for his college tuition from a bank that charges simple interest at an annual rate of His loan is for $ for months. Assume each month is of a year. Answer each part below.
Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas.
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