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Mathematics, 03.11.2020 01:10 bradlenz4293

A college student takes out a $7,500 loan from a bank. What will the balance of the loan be after one year (assuming the student has not made any payments yet):

1. If the bank charges 3.8% interest each year, the balance of the load will be $
.

2. If the bank charges 5.3% interest each year, the balance of the loan will be $
.

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Answers: 3

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A college student takes out a $7,500 loan from a bank. What will the balance of the loan be after o...
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