If you borrow $11,000 for four years at an annually compounding rate of 8.2% per annum, what

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If you borrow $11,000 for four years at an annually compounding rate of 8.2% per annum, what is the total interest on the loan if the interest due is added to the principal over the period and repaid at the maturity date?

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Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

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Posted Date: Feb 21, 2024 02:23 AM

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If you borrow $11,000 for four years at an annually compounding rate of 8.2% per annum, what

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Heres how to calculate the total interest on the loan 1 Formula We can use the Future Value FV for... View the full answer

Financial Algebra advanced algebra with financial applications

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