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Renee took out a $50,000 student loan with a fixed interest rate to pay for college. Renee did not make payments on her loan for

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Renee took out a $50,000 student loan with a fixed interest rate to pay for college. Renee did not make payments on her loan for a period of 9 years. After this time period interest had accrued, resulting in the loan balance increasing to $84,000. a. What is is the 9-year growth factor for the amount that Renee owes on the loan? Preview b. What is the 9-year percent change for the amount that Renee owes on the loan? % Preview c. What is is the 1-year growth factor for the amount that Renee owes on the loan? Preview d. What is the 1-year percent change for the amount that Renee owes on the loan? % Preview Submit

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