Joshua uses the Small Business Administration (SBA) Loan Program to obtain a loan to help expand his
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Joshua uses the Small Business Administration (SBA) Loan Program to obtain a loan to help expand his health food store. Joshua borrows $45,000 for 2 years with a simple interest rate of 1.5%. Determine the amount of money Joshua must repay the SBA after 2 years.
If necessary round all dollar figures to the nearest cent and round percent to the nearest hundredth of a percent.
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Related Book For 
A Survey Of Mathematics With Applications
ISBN: 9780135740460
11th Edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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