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sweet-ann [11.9K]

3 years ago

15

An amount of $18,000 is borrowed for 10 years at 8.25% interest, compounded annually. If the loan is paid in full at the end of

that period, how much must be paid back?
Use the calculator provided and round your answer to the nearest dollar.

1 answer:

cricket20 [7]3 years ago

6 0

218 dollars will have to be paid back

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