Mathematics, 22.01.2021 02:20, rodriguezscarlet1713

Kendrick will pay interest at a monthly rate of 0.7% on a student loan of $6000 for the next 2 years, at which point he will begin making payments. The total number of dollars he will owe in 2 years is 6000(1.007)24. Rewriting the expression 6000(1.007)24
in which of these ways would be useful in calculating the rate of interest he will pay each year?

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Kendrick will pay interest at a monthly rate of 0.7% on a student loan of $6000 for the next 2 years...