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Your grandparents just gave you a gift of $3,000. You are investing this money for 10 years at 3 percent simple interest. How much money
Your grandparents just gave you a gift of $3,000. You are investing this money for 10 years at 3 percent simple interest. How much money will you have at the end of the 6 years? a. $3.090 b. $3,540 c. $3,900 d. $3,270 e. $4,032 Lionheart Trucking recently purchased a new truck costing $178,000. The firm financed this purchase at 6.6 percent interest with monthly payments of $2,400. How many years will it take the firm to pay off this debt? a. 9.26 b. 7.96 c. 6.89 d. 95.55 e. 8.83
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