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Lorena needs extra money to buy a food truck to start up her business. She takes out a simple interest loan for$8,000 for 4 months
Lorena needs extra money to buy a food truck to start up her business. She takes out a simple interest loan for$8,000 for 4 months at a rate of 9.25%. How much interest must she pay and what is the future value of the loan?
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