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Natasha2012 [34]
3 years ago
7

Suppose that a loan of $8000 is given at an interest rate of 16% compounded each year.

Mathematics
1 answer:
mash [69]3 years ago
6 0

Answer:

9280

Step-by-step explanation:

8000 x .16 + 8000

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Tju [1.3M]
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yulyashka [42]

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<u>Step 1:  Solve for y</u>

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