Question
A company currently owes $25,000 to a bank for a loan it took 2 years and 7 months ago. The interest rate charged on the
A company currently owes $25,000 to a bank for a loan it took 2 years and 7 months ago. The interest rate charged on the loan was 2.5% compounded monthly.
a. What was the original principal of the loan?
b. What was the amount of interest charged on the loan?
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Unlocking The Door To Real Estate Success Achieving Passive Income
Authors: Benjamin Stone
1st Edition
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