Español Latoya wants to buy a new boat but needs money for the down payment. Her parents agree to lend her money at an annual rate of 4%, charged as simple interest. They lend her s6000 for 2 years. She makes no payments except the one at the end of that time. Bid Answer the following questions. If necessary, refer to the list of financial formulas. D CO (a) How much total interest will Latoya have to pay? ? $0 (b) What will the total repayment amount be (including interest)? $

Q&A Education