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Posted on Sep 20, 2024

If you lend $ 1 2 , 0 0 0 to a friend for 1 5 months at 1 1 % annual simple interest, find

If you lend $

12, 000

to a friend for

15

months at

11 %

annual simple interest, find the future value of the loan.

The future value of the loan is :

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