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A bank received $10,000.00 today as a final and unique payment for a loan that the borrower took 24 months ago at a 1.5% simple
A bank received $10,000.00 today as a final and unique payment for a loan that the borrower took 24 months ago at a 1.5% simple monthly rate.
- What was the principal of that loan?
- How much interest did the bank receive?
- What compound interest rate per month will produce the same interest as this simple rate?
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Understanding Bitcoin
Authors: Robert P. Murphy ,Silas Barta
1st Edition
1505819784, 978-1505819786
