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15-03-2024
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What is the model used to determine the amount owed on a loan of $5,000 with simple interest of 4.25%? a. 5000 + 5000(0.0425t)
b. A = 5000 + 5000(0.0425t)
c. A = 5000(1.0425)t
d. 5000(1.0425)t

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