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Owen has a loan for $3700 at a rate of 5% annually. If the interest is not compounded, what is the total amount of repayment if the loan is for 7 years?

Owen has a loan for $3700 at a rate of 5% annually. If the interest is not compounded, what is the total amount of repayment if the loan is for 7 years?
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Owen has a loan for $3700 at a rate of 5% annually. If the interest is not compounded, what is the total amount of repayment if the loan is for 7 years?

User Shiva Achari
by
8.8k points

1 Answer

5 votes
Not sure sorry


Edit: oh sorry I didn’t mean to write that





User SeekingStillness
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