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Suppose that a loan of $8000 is given at an interest rate of 16% compounded each year. Assume that no payments are made on the loan. Follow the instructions below. Do not do any…
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Suppose that a loan of $8000 is given at an interest rate of 16% compounded each year. Assume that no payments are made on the loan. Follow the instructions below. Do not do any…
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Jun 11, 2021
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Suppose that a loan of $8000 is given at an interest rate of 16% compounded each year.
Assume that no payments are made on the loan.
Follow the instructions below. Do not do any rounding ?
Mathematics
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Tashana
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Answer:
9280
Explanation:
8000 x .16 + 8000
Abidibo
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Jun 17, 2021
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