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23 July, 08:56

An amount of 45000 is borrowed for 5 years at 8.5% interest, compounded annually. if the loan is paid in full at the end of the period, how much must be paid back

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  1. 23 July, 09:05
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    The answer is 191250 because you multiply 45000 by. 85 by 5 and you will get your answers
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