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Chase Boyd plans to borrow $8,000 for 6 years. The loan will be repaid with a single payment after six years , and the interest

Chase Boyd plans to borrow $8,000 for 6 years. The loan will be repaid with a single payment after six years, and the interest on the loan will be computed using the simple interest method at an annual rate of 10 percent.

How much will Chase have to pay in six years?

$

How much will he have to pay at maturity if he's required to make annual interest payments at the end of each year?

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