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Mathematics, 05.01.2021 04:00 pravikumar02

Melissa wants to buy a new boat but needs money for the down payment. Her parents agree to lend her money at an annual rate of 4%, charged as simple interest. They lend her $3,000 for 3 years. She makes no payments except the one at the end of that time.

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Melissa wants to buy a new boat but needs money for the down payment. Her parents agree to lend her...

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