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3 years ago

5

If the interest rate on a $5,000 loan is 10%, what is the total amount due (principal and compound interest) at the end of the l

oan if the interest compounds monthly for 3 years? (Round your answer to the nearest dollar.)

1 answer:

melamori03 [73]3 years ago

5 0

Answer:

6500

Step-by-step explanation:

Interest =principal *rate*time

5000*10/100*3 years

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