Mathematics, 26.11.2020 04:40 student679

Aaron has $4,500 saved to pay for an ATV that costs $7,500. Suppose Aaron decides to take the total amount payable for the ATV as a loan from his parents at a simple interest rate of 5%. If Aaron takes 30 months to pay back the new loan, what will be the total cost to repay the new loan?

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Aaron has $4,500 saved to pay for an ATV that costs $7,500. Suppose Aaron decides to take the total...