If you lend $3800 to a friend for 15 months at 10% annual simple interest, find the future value of the loan. $

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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If you lend $3800 to a friend for 15 months at 10% annual simple interest, find the future value of the loan.
$
Transcribed Image Text:If you lend $3800 to a friend for 15 months at 10% annual simple interest, find the future value of the loan. $
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