A student has received a loan of $30,000 from his aunt in order to finance his 4-year

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A student has received a loan of $30,000 from his aunt in order to finance his 4-year college program. The terms are that the student will repay his aunt in full at the end of 8 years with simple interest @ 4% per year.

You are required to Calculate simple interest and total amount the student will have to pay at the end of 8 years?

Related Book For answer-question

The Essentials Of Statistics A Tool For Social Research

ISBN: 9781111829568

3rd Edition

Authors: Joseph F. Healey

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Posted Date: Apr 11, 2023 12:48 AM

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A student has received a loan of $30,000 from his aunt in order to finance his 4-year

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The Essentials Of Statistics A Tool For Social Research

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