Mathematics, 13.02.2022 05:40, LuisTorres8966

A farmer can borrow $8,000 for planting supplies at the County Co-op for 12 months at a simple interest rate of 9
percent. He can also borrow the same amount from the
City Bank in the County Seat for 12 months at a compound
interest rate of 6 percent.
Compute the missing information in the table:

A farmer can borrow $8,000 for planting supplies at the

County Co-op for 12 months at a simple in

Answers: 1

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A farmer can borrow $8,000 for planting supplies at the County Co-op for 12 months at a simple interest rate of 9 percent. He can also borrow the same amount from the City Bank in the County Seat for 12 months at a compound interest rate of 6 percent. Compute the missing information in the table:

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A farmer can borrow $8,000 for planting supplies at the County Co-op for 12 months at a simple interest rate of 9
percent. He can also borrow the same amount from the
City Bank in the County Seat for 12 months at a compound
interest rate of 6 percent.
Compute the missing information in the table: