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25 November, 02:24

A small company borrows 90,000 at 12%compounded monthly. The loan is due in 7 years. How much interest will the company pay?

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  1. 25 November, 02:41
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    90,000*0.12 = 1,080

    1,080*7=7,560

    90,000+7,560=97,560
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