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n order to start a small business, a student takes out a simple interest loan for $2000.00 for 3 months at a rate of 10.25%.
n order to start a small business, a student takes out a simple interest loan for $2000.00 for 3 months at a rate of 10.25%. a. How much interest must the student pay? b. Find the future value of the loan. Question content area bottom Part 1 a. The amount of interest is $ enter your response here. (Round to the nearest cent as needed.) Part 2 b. The future value is $ enter your response here
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
