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You've just taken out a student loan with a quoted interest rate of 4.9%. You will have to pay back $1,700 in 13 years, with

You've just taken out a student loan with a quoted interest rate of 4.9%. You will have to pay back $1,700 in 13 years, with no intermediate payments necessary. 


How much did you borrow if interest is compounded annually?

How much did you borrow if interest is compounded monthly?

How much did you borrow if interest is compounded daily?

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