Mathematics, 15.11.2020 23:30 eazywalters

4. 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):
a. If the bank charges 3.8% interest each year?
b. If the bank charges 5.3% interest each year?

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

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4. 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): a. If the bank charges 3.8% interest each year? b. If the bank charges 5.3% interest each year?

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Another question on Mathematics

4. 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):
a. If the bank charges 3.8% interest each year?
b. If the bank charges 5.3% interest each year?