Question: If you lend $ 1 2 , 0 0 0 to a friend for 1 5 months at 1 1 % annual simple interest, find

If you lend $12,000 to a friend for 15 months at 11% annual simple interest, find the future value of the loan.
The future value of the loan is :
If you lend $12,000 to a friend for 15 months at

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