Mathematics, 12.08.2020 09:01 10040813

Frank obtained a simple interest loan from his bank for 20,000 at a 7.5% interest rate over a 4 year loan term. What will be franks total repayment amount over the life of the loan?

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Frank obtained a simple interest loan from his bank for 20,000 at a 7.5% interest rate over a 4 year...