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5. Relative to problem #4, what was the interest on the $10,000 loan? 6. If a loan of $25,000 is invested at 8% compounded quarterly,

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5. Relative to problem #4, what was the interest on the $10,000 loan? 6. If a loan of $25,000 is invested at 8% compounded quarterly, what is he amount after 5 years? Write the answer to the nearest cent. 7. Same information as #6, except compounded monthly, 8. What amount will an account have after 3 years if $5,500 is invested at an annual rate of 8.5% compounded continuously? Round to the nearest cent. 9. State the formula for compound interest 10. Write the formula for continuous compound interest

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