Question
You recently borrowed some money from a friend to pay for a new lemonade stand that your son wants to build for a summer business.
You recently borrowed some money from a friend to pay for a new lemonade stand that your son wants to build for a summer business. What would be the interest of the loan, if the loan amount is $1,000 at 5% simple interest for 3 years?
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Practical Financial Management
Authors: William R. Lasher
7th edition
128560721X, 9781133593669, 1133593682, 9781285607214, 978-1133593683
