Ernie borrowed some money at 7.8% per year, comounded monthly. After four years, he paid $20,175.26 to

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Ernie borrowed some money at 7.8% per year, comounded monthly. After four years, he paid $20,175.26 to clear off the loan. What was the initial amount of his loan?

Posted Date: May 19, 2024 09:05 PM

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Ernie borrowed some money at 7.8% per year, comounded monthly. After four years, he paid $20,175.26 to

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