Question: Trevor needs a new computer for college. His uncle lends him $1,000 at 5 percent interest per year for 3 years. What is the total

Trevor needs a new computer for college. His uncle lends him $1,000 at 5 percent interest per year for 3 years. What is the total payment after 3 years if simple interest is used? What is the total payment after 3 years if compound interest is used?

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