Dan is going to college, but needs to take out a loan in order to pay for some of it. A family friend offers to give Dan a loan of $4000 at 3.7% simple interest. How much will Dan owe after 4 years? Round your answer to 2 decimal places. Dan is going to college, but needs to take out a loan in order to pay for some of it. A family friend offers to give Dan a loan of $4000 at 3.7% simple interest. How much will Dan owe after 4 years? Round your answer to 2 decimal places.
Added by Mark A.
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Interest = Principal x Rate x Time Interest = $4000 x 0.037 x 4 Interest = $592 Show more…
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