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A company currently owes $15,000 to a bank for a loan it took 6 years and 5 months ago. The interest rate charged on the

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A company currently owes $15,000 to a bank for a loan it took 6 years and 5 months ago. The interest rate charged on the loan was 3.75% compounded monthly. a. What was the original principal of the loan? Round to the nearest cent b. What was the amount of interest charged on the loan? Round to the nearest cent If you want to have a million dollars 33 years from today, how much should you invest in your savings account that earns interest of 5.06% compounded monthly? Round to the nearest cent

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