If you borrow $3,000 at 6% simple interest per year for seven years, how much will you
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If you borrow $3,000 at 6% simple interest per year for seven years, how much will you have to repay at the end of seven years?(4.2)
(a) $3,000
(b) $4,511
(c) $1,260
(d) $1,511
(e) $4,260
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Related Book For
Engineering Economy
ISBN: 978-0133439274
16th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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