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Mathematics, 07.04.2021 23:20 Dragonskeld

Maya will buy a new pair of skis for $850.00. She has $400.00 in her savings account. Her parents will loan her the rest. Maya decides to borrow all $850.00 from her parents. Her parents charge her a simple annual interest rate of 5%. She will pay back the loan in 2 years. How much more will she pay to repay the loan than if she had borrowed only the amount she needed?

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Maya will buy a new pair of skis for $850.00. She has $400.00 in her savings account. Her parents wi...

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