A $3,000 loan is to be made over 5 years with 12 percent interest. Determine how much
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A $3,000 loan is to be made over 5 years with 12 percent interest. Determine how much will be required to pay off the loan plus interest if
a. simple interest is used.
b. compound interest is used.
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Related Book For
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
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