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Hello I need some assistance. calculate the cost of credit usung the formulas show your calculations for simple interest. 1.if a person borrows $2,000 for

Hello I need some assistance. calculate the cost of credit usung the formulas show your calculations for simple interest.

1.if a person borrows $2,000 for car repairs and the interest rate is 5% and will pay the full in a year.

2.If a person will make two equal payments a year what is the interest rate?

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