1. You have agreed to loan a friend $5000 for 5 years at asimple interest rate of 8% per year. How much interest will youreceive from the loan? 2. To raise money for a new business, a friend asks you to loanher some money. She offers to pay you $3000 at the end of 4 years.How much should you give her now if you want to earn 12% interestper year on your money? . . .
https://proficientwriters.net/wp-content/uploads/2020/04/logo-300x60.png 0 0 Paul https://proficientwriters.net/wp-content/uploads/2020/04/logo-300x60.png Paul2021-05-30 07:27:342021-05-30 07:27:341. You have agreed to loan a friend $5000 for 5 years at asimple interest rate of 8% per year. How m