A 10000 in student loans at 6 simple interest per year is
A $10,000 in student loans at 6% simple interest per year is paid back in one lump sum at the end of a 5 year grace period (i.e., interest is accrued but no payments are made). What is the amount of the lump sum payment at the end of year 5?
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a 10000 in student loans at 6 simple interest per year is paid back in one lump sum at the end of a 5 year grace period
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