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If You Take Out a $15,0 $15,000\$ 15,000 Udent Loan on the First Day of September, and Promise

Question 3

Short Answer

If you take out a $15,0 $15,000\$ 15,000 udent loan on the first day of September, and promise to pay 6%6 \% APR compounded annually, how much interest would you pay if you repay the loan at the end of the following May? $\$‾\underline{\quad\quad}

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