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To go on a summer trip, Dan borrows $700. He makes no payments until the end of 6 years, when he pays off the entire

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To go on a summer trip, Dan borrows $700. He makes no payments until the end of 6 years, when he pays off the entire loan. The lender charges simple interest at an annual rate of 4%. Answer the following questions. If necessary, refer to the (a) How much total interest will Dan have to pay? (b) What will the total repayment amount be (including interest)

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