What is the total amount of interest collected

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1. What is the total amount of interest collected from a $5,000 loan after three years with a simple interest rate of 6%?

2. If you receive $500 in simple interest on a loan that you made for $10,000 for 5 years, what was the interest rate you charged?

3. You open a 5-year CD for $1,000 that pays 2% interest, compounded annually. What is the value of that CD at the end of the 5 years?

Reference no: EM131098877

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