Mathematics, 08.10.2021 15:00 edjiejwi

Ryan has $2,100 saved to pay for a car that costs $4,100. Ryanâ€™s parents will loan him the remaining amount due for the car. They will charge him a simple annual interest rate of 4%. If Ryan takes 20 months to pay back the loan, what will be the amount he pays back on the loan?

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Ryan has $2,100 saved to pay for a car that costs $4,100. Ryanâ€™s parents will loan him the remaini...

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