Samuel needs to borrow ($ 8,400) to pay for repairs to his small manufacturing facility. He manages

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Samuel needs to borrow $\$ 8,400$ to pay for repairs to his small manufacturing facility. He manages to get a simple interest loan at $17.33 \%$, to be paid after 6 months. How much interest will Samuel pay and what is Samuel's loan payoff amount?

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Question Posted: May 30, 2024 09:05 AM

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Samuel needs to borrow ($ 8,400) to pay for repairs to his small manufacturing facility. He manages

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Contemporary Mathematics

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