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Lynne needs to borrow $7250 for cosmetic surgery. She obtains a loan from her grandmother for 60 months at a simple interest rate of 5.8%. What is the loans future value?
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Lynne needs to borrow $7250 for cosmetic surgery. She obtains a loan from her grandmother for 60 months at a simple interest rate of 5.8%. What is the loans future value?

User Olivier Delrieu
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1 Answer

3 votes

For a initial loan L which will be paie

User Courtney Faulkner
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