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3 years ago

5

An amount of $35,000 is borrowed for 6 years at 4.5% interest, compounded annually. if the loan is paid in full at the end of th

at period, how much must be paid back?

1 answer:

Vlada [557]3 years ago

3 0

Answer: $45579.10
35000(1+.045)^6
Hope this helps!!!!!!!!!!!!!!

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