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if the same thing happens, that is, arthur was not able to pay back the loan or the interest by the end of the second year. the lender gave him another year under the same condition, how much must he pay at the end of the third year?​

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Answer:   When analyzing the terms of a loan, it is important to consider more than the interest rate Two loans can have identical principal amounts, interest rates, and  For example, say a student obtains a simple-interest loan to pay one year of  rate with the principal and interest due as a lump sum in three years

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