Mathematics, 23.10.2020 21:50 tonimgreen17p6vqjq
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You purchase a car using a $20,000 loan with a 5% simple interest rate.
Suppose you pay the loan off after 4 years. How much interest do you pay on your loan? Show your work.
Suppose you pay the loan off after 2 years. How much interest do you save by paying the loan off sooner? Show your work.
Answers: 1
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You purchase a car using a $20,000 loan with a 5% simple in...
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