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If you're asked to evaluate the interest paid for an investment in new employee training software on a simple interest loan, which of the following
If you're asked to evaluate the interest paid for an investment in new employee training software on a simple interest loan, which of the following formulas would you anticipate using if you spent $5,500 at 4% interest over a payback period of 4 years? A. T = $5,500 * 0.04 * 4 O B. T = $5,500(1 + 0.04 * 4) O C. T = $5,500 * 4 * 48 D. T = $5,500($5,500 + 0.04 * 4)
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