Aniyah needs to borrow $12,000. The money can be borrowed at 4.5% simple interest for 4...

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Aniyah needs to borrow $12,000. The money can be borrowed at 4.5% simple interest for 4 yr or borrowed at 4% with interest compounded continuously for 4 yr. Part: 0 / 5 Part 1 of 5 (a) How much total interest would Aniyah pay at 4.5% simple interest? Use I= Prt to calculate the interest with P= 12,000, r=0.045, and 1=4. I=12,000 0.045-4 Aniyah needs to borrow $12,000. The money can be borrowed at 4.5% simple interest for 4 yr or borrowed at 4% with interest compounded continuously for 4 yr. Part: 0 / 5 Part 1 of 5 (a) How much total interest would Aniyah pay at 4.5% simple interest? Use I= Prt to calculate the interest with P= 12,000, r=0.045, and 1=4. I=12,000 0.045-4

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To calculate the total interest Aniyah would pay at 45 simple interest we can use ... View the full answer