Mathematics, 23.03.2021 08:30 ethan5738

A farmer borrowed $28,500 from the bank to build a new barn. The bank charges 4.5% annual simple interest and allowed the farmer to repay the loan in 42 monthly payments. A. How much money was paid in interest?
B. How much was each monthly payment?

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A farmer borrowed $28,500 from the bank to build a new barn. The bank charges 4.5% annual simple int...