An amount of 27,000 is borrowed for 5 years at 5.75% interest compound annually. If the loan is paid in full at the end of that
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A very simple example is:
What you need to is just distribute x into the parenthesis, so once x times the first term (a) and once x times the second term (b)
What you need to is just distribute x into the parenthesis, so once x times the first term (a) and once x times the second term (b)
I hope you got the idea