Feb 19, 2009 #1 R rightnowt New member Joined Nov 21, 2008 Messages 3 Reaction score 0 Points 1 A 10 year loan is taken out with a future value of $12,500. If the loan is a simple interest loan at 6% A. Find the present value of the loan. B. Find the total interest paid on the loan.
A 10 year loan is taken out with a future value of $12,500. If the loan is a simple interest loan at 6% A. Find the present value of the loan. B. Find the total interest paid on the loan.