Mathematics, 22.01.2021 03:10 MK100

Dr. Moore took out a $60,000 simple interest loan to purchase a Tesla. His loan has an interest rate of 4% annually and he plans on paying on the loan for 5 years. After 5 years, how much would Dr. Moore have paid for the Tesla?

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Dr. Moore took out a $60,000 simple interest loan to purchase a Tesla. His loan has an interest rate...

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