mariyaalbastaki4257 mariyaalbastaki4257
  • 08-11-2017
  • Mathematics
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An amount of $35,000 is borrowed for 6 years at 4.5% interest, compounded annually. if the loan is paid in full at the end of that period, how much must be paid back?

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Ava45018 Ava45018
  • 11-11-2017
Answer: $45579.10 
35000(1+.045)^6
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