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38 votes
38 votes
An amount of $42, 000 is borrowed

for 11 years at 3.25% interest,
compounded annually. If the loan is
paid in full at the end of that period.
how much must be paid back?

User Suryasankar
by
2.6k points

1 Answer

7 votes
7 votes

Answer:

I think the answer is $15,015

Explanation:

Hope this helps.

User Olsydko
by
2.3k points