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