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To go on a summer trip, Kareem borrows 400$. He makes no payments until the end of 4 years when he pays off the entire loan. The lender charges simple interest at an annual rate of 6%.
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To go on a summer trip, Kareem borrows 400$. He makes no payments until the end of 4 years when he pays off the entire loan. The lender charges simple interest at an annual rate of 6%.

User Charles Ward
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