7 Determine the future value of a loan of $1850 at 3 6 , compounded monthly for three years and five years How much money would you save if you were to pay back the loan in three years rather than five (6 marks) 7 Determine the future value of a loan of $1850 at 3 6 , compounded monthly for three ...

7. Determine the future value of a loan of $1850 at 3.6%, compounded monthly for three...

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7. Determine the future value of a loan of $1850 at 3.6%, compounded monthly for three...

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