Question: Answer the question. Show all work. 1. A man took out a $42,000 construction loan to remodel a house. The loan rate is 8.2% simple

Answer the question. Show all work.

1. A man took out a $42,000 construction loan to remodel a house. The loan rate is 8.2% simple interest per year to be repaid in three months. How much is paid back?

The man pays back $

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