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Jacobo borrows 500 from Abraham and agrees to have the loan compounded annually for 5 years with an interest rate of 2.5% How much will the total amount be that Jacob owes?
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Jacobo borrows 500 from Abraham and agrees to have the loan compounded

annually for 5 years with an interest rate of 2.5% How much will the total amount be that Jacob owes?

User MungoRae
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1 Answer

4 votes

Answer: 565.70

Explanation:

User Crowne
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