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August 1, 2015

Homework Help: math

Posted by kelly on Monday, February 25, 2013 at 4:17pm.

Sonja needs to borrow $2,251 to pay for her college classes. Sallie Mae is offering her a 4.5% simple interest loan with an interest charge of $405.18 over the life of the loan. How many years is Sallie Mae giving her to pay back the loan with interest?

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