in order to start a small business a student takes out a simple interest loan for $8,000 for 6 months at a rate of 6.25%, how much interest must the student pay and find the future value of the loan round

asked Jun 8, 2022 164k views

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5 votes

Answer:

The student must pay 4247.5 - 4000 = 247.50 dollars in interest

Explanation:

Peter Sladek answered Jun 12, 2022

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