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To go on a summer trip, Milan borrows $ 6 0 0 . He makes no payments until the end of 6 years, when he

To go on a summer trip, Milan borrows $600. He makes no payments until the end of 6 years, when he pays off the entire loan. The lender charges simple interest at an annual rate of 4%.Answer the following questions. If necessary, refer to the list of financial formulas.?(a) How much total interest will Milan have to pay?$ (6) What will the total repayment amount be (inciuding interest)?

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