A woman uses a loan program for small businesses to obtain a loan to help expand her vending machine business. The woman borrows $25,000 for 4 years with a simple interest rate of 1.8%. Determine the amount of money the woman must repay after 4 years.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
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A woman uses a loan program for small businesses to obtain a loan to help expand her vending machine business
The woman borrows $25,000 for 4 years with a simple interest rate of 1.8%. Determine the amount of money the
woman must repay after 4 years.
The woman must repay $
Gra
Transcribed Image Text:A woman uses a loan program for small businesses to obtain a loan to help expand her vending machine business The woman borrows $25,000 for 4 years with a simple interest rate of 1.8%. Determine the amount of money the woman must repay after 4 years. The woman must repay $ Gra
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