Question: Using the practical method, how much money will be required on December 8, 2011, to repay a loan of $2000 made on August 24, 2009,

Using the practical method, how much money will be required on December 8, 2011, to repay a loan of $2000 made on August 24, 2009, if interest on the loan is earned at 3.0%/year compounded monthly?

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