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OpenStudy (anonymous):
Solve the problem. Show all of your work. To finance her community college education, Joanna takes out a Stafford loan for $4500. After one year, Joanna decides to pay off the interest, which is 8% of $4500. How much will she pay?
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OpenStudy (anonymous):
8% of 4500 will be (.92)*(4500) which equals 4140.
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