Question: Finance and Growth: Einstein borrows $320 at 8.8% compounded semiannually for 7 years. Determine the how much is needed to repay the loan. Amount needed

Finance and Growth: Einstein borrows $320 at 8.8%
Finance and Growth: Einstein borrows $320 at 8.8% compounded semiannually for 7 years. Determine the how much is needed to repay the loan. Amount needed to repay the loan after 7 years = $ Interest accrued after 7 years = $

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