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Question: question help lf a lender makes a simple loan...

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Question Help * lf a lender makes a simple loan of $70 or 3 years and charges 7%, then the amount that the lender receive at maturity s S Round your esponse o the nearest two decimal place) If a lender makes a simple loan of $3000 for one year and charges $70 interest, then the simple interest rate on that loan is%. (Round your response to the nearest whole number) If a borrower must repay $106.50 one year from today in order to receive a simple loan of $100 today, the simple interest on this loan is OA. 65% B. 6.0% O c. 5.090 D. 6.590 Click to select your answer(s). oly Relic From Two Thousa Years Ago 2002 No thanks Try it free

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