Mathematics
Mathematics, 25.02.2020 02:02, tipbri6380

James borrows $4,200 to pay his college tuition. He signs a 5-year simple interest loan. If the monthly payments are $78.40, what is the interest rate on the loan? Please give a detailed answer and explanation. Thank you!

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James borrows $4,200 to pay his college tuition. He signs a 5-year simple interest loan. If the mont...

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