Margo borrows $400, agreeing to pay it back with 2% annual interest after 14 months. How much

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Margo borrows $400, agreeing to pay it back with 2% annual interest after 14 months. How much interest will she pay? Round your answer to the nearest cent, if necessary.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

Posted Date: Oct 26, 2023 01:10 PM

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Margo borrows $400, agreeing to pay it back with 2% annual interest after 14 months. How much

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To calculate the interest we can use the following formula Interest Princi... View the full answer

Income Tax Fundamentals 2013

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