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Required information Complete the calculations for each scenario below. Mary, a college student needs to borrow $8.000 today for her tuition. She agrees to pay
Required information Complete the calculations for each scenario below. Mary, a college student needs to borrow $8.000 today for her tuition. She agrees to pay back the loan in a lump sum payment upon graduating, 4 years from today. The lender agrees to lending at a fue 3.85Interest rate during the loan period. What is the total cost of Mary's student loan? ( Round your answer to 2 decimal places.) P 2 3 5 Next > MacBook Air
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