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15.07.2020 • 
Mathematics

QUESTION 4 Find Future Value Using Simple Interest Formula:
Chad got a student loan for $10,000 at 8% annual simple interest. If Chad paid off the loan in two years, how much interest did he pay?
A $1,600
B. $1,664
C. $800
D. $2,800
QUESTION 5
Find Future Value Using Compound Interest Formula:
You deposit $1,000 into an account earning an APR of 6% compounded annually for 7 years. What's the future value?
A $1,503.63
B. $1,418.52
C. $503.63
D. $1,593.85

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