In order to start a small business, a student takes out a simple interest loan for $4000 for months at a rate of 7.25%. a. How much interest must the student pay? b. Find the future value of the loan Question content area bottom Part 1: a. The amount of interest is $___ (Round to the nearest cent as needed.) Part 2: b. The future value of the loan is $____. (Round to the nearest cent as needed.)
