Mathematics
Mathematics, 01.02.2022 07:40, 22higlebosa

Ashley wants to buy a new boat but needs money for the down payment. Her parents agree to lend her money at an annual rate of 5%, charged as simple interest. They lend her $3000 for 2 years. She makes no payments except the one at the end of that time.
Answer the following questions. If necessary, refer to the list of financial formulas

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