You take out a student loan for $80,000 with 2.75% annual interest to pay for your first year of college. This loan will cover all course fees and books. Write an exponential growth equation to model the situation. Then determine how much will money you will have to pay back for his loan when you graduate in 4 years.
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Home » Mathematics » You take out a student loan for $80,000 with 2.75% annual interest to pay for your first year of college. This loan will cover all course fees and books. Write an exponential growth equation to model the situation.