I received a loan for $500 today. At an interest rate of 12% how much do I

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I received a loan for $500 today. At an interest rate of 12% how much do I have to pay the lender after 5 years in future value?

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Real Estate Finance and Investments

ISBN: 978-0073377339

14th edition

Authors: William Brueggeman, Jeffrey Fisher

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Posted Date: Apr 07, 2023 04:01 AM

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I received a loan for $500 today. At an interest rate of 12% how much do I

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Expert Answer:

To calculate the future value of the loan we can use the formula FV PV 1 rn Whe... View the full answer

Real Estate Finance and Investments

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