Business, 11.02.2021 19:20 makaylagrandsta

A student has received a $30,000 loan from a wealthy aunt in order to finance his four-year college program. The terms are that the student repay his aunt in full at the end of eight years with simple interest computed at the rate of 4 percent per year. Determine the interest that must be paid on the eight-year loan. Don't forget to include units

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A student has received a $30,000 loan from a wealthy aunt in order to finance his four-year college...

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