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Bob borrowed $2,500 at an annual interest rate of 3%
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Bob borrowed $2,500 at an annual interest rate of 3%

User Havnar
by
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1 Answer

5 votes

Answer:

Ex:

after 7 years you will have: $3074.68

Explanation:

$2500 × 1.037 = $2500 × 1.2299 = $3074.68

User Kevin Horvath
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