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You borrow $5000 from the bank at %3 annual interest compounded monthly. The monthly payment is $250z What is the balance after the third payment.
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You borrow $5000 from the bank at %3 annual interest compounded monthly. The monthly payment is $250z What is the balance after the third payment.

User VatsalSura
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8.0k points

1 Answer

10 votes

Answer:

it should be $100,000

Explanation:

User Sauvik
by
8.2k points
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