Question: Finance and Growth: Freeman borrows $380 at 8.8% compounded semiannually for 4 years. Determine the how much is needed to repay the loan. Amount needed

 Finance and Growth: Freeman borrows $380 at 8.8% compounded semiannually for

Finance and Growth: Freeman borrows $380 at 8.8% compounded semiannually for 4 years. Determine the how much is needed to repay the loan. Amount needed to repay the loan after 4 years =$ Interest accrued after 4 years =$

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