Samantha loaned$300,000to a small business at8.25%compounded semi-annually for3year and4months. a. How much would the business have to

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Samantha loaned$300,000to a small business at8.25%compounded semi-annually for3year and4months.

a. How much would the

business have to repay Samantha at the end of the period?

b. How much interest did

Samantha earn from this investment?

Posted Date: May 13, 2024 06:47 AM

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Samantha loaned$300,000to a small business at8.25%compounded semi-annually for3year and4months. a. How much would the business have to

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Expert Answer:

To calculate the repayment amount and the interest earned we can use the formula for compound intere... View the full answer

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