Mathematics, 13.11.2020 01:10, chanel2371

Mya’s roof was leaking, so she needed money fast. She borrowed $12,000 from the bank for repairs. It is a 5-year loan, and she is being charged simple annual interest at a rate of 7.5%. How much interest can Mya expect to pay over the life of this loan?

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Mya’s roof was leaking, so she needed money fast. She borrowed $12,000 from the bank for repairs. It...