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You loaned a friend $1000.00 at the simple interest rate 4% per year. if the total interest that your friend paid was $150.00 how long
You loaned a friend $1000.00 at the simple interest rate 4% per year. if the total interest that your friend paid was $150.00 how long was the term of the loan? You take a work bonus of $800.00 and invest it in an account that earns 2.5% interest compounded monthly. How much interest will you have earned at the end of the 4 years
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