Question: Beth has just borrowed $ 8 comma 9 0 0 on a four - year loan at 8 % simple interest. Using the simple interest
Beth has just borrowed $ comma on a fouryear loan at simple interest. Using the simple interest method, her payments would be $ What if Beth had made the same loan as an addon interest loan? How would her payments differ? Why is there a difference?
Part
With an addon interest loan, Beth's payments would be $
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