Mathematics, 06.12.2021 21:10 veikkoaval

Kayla borrowed $6,500 from a bank for her education. The bank loan offers a simple interest rate of 9% per year, which is payable over two years. What is Kayla's monthly repayment if she is required to pay off the future amount of the loan with 24 equal payments?

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Kayla borrowed $6,500 from a bank for her education. The bank loan offers a simple interest rate of...

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