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MrMuchimi
4 years ago
10

An amount of $ 32,000 is borrowed for 6 years at 9 % interest, compounded annually. If the loan is paid in full at the end of th

at period, how much must be paid back? Use the calculator provided and round your answer to the nearest dollar.
Mathematics
1 answer:
IrinaK [193]4 years ago
7 0
Use the equation 32,000(1+0.09/1)^1*10 and solve
the answer is $75,756
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