Mathematics, 25.07.2019 12:50 IsabelAyshi

You purchase a car using a $20,000 loan with a 5% simple interest rate. (a) suppose you pay the loan off after 4 years. how much interest do you pay on your loan? show your work. (6 points, 3 for answer, 3 for work) suppose you pay the loan off after 2 years. how much interest do you save by paying the loan off sooner? show your work.

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