Jim accepted a $4,000 loan from his uncle Kurt. Uncle Kurt agreed to defer payments for two

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Jim accepted a $4,000 loan from his uncle Kurt. Uncle Kurt agreed to defer payments for two years until after Jim graduates from college. How much will Jim owe in two years if his uncle charges him 8% interest compoundedannually?

Posted Date: May 18, 2024 05:15 PM

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Jim accepted a $4,000 loan from his uncle Kurt. Uncle Kurt agreed to defer payments for two

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