Question
A loan of $2000 at 12% is compounded monthly for two years. Find the future value and compound interest. Use the $1.00 future value table
A loan of $2000 at 12% is compounded monthly for two years. Find the future value and compound interest. Use the $1.00 future value table or the future value and compound interest formula. Click here to view page 1 of the future value table.LOADING... Click here to view page 2 of the future value table.LOADING... Click here to view page 3 of the future value table.LOADING... Click here to view page 4 of the future value table.LOADING...
The future value of the loan is $ . (Round to the nearest cent as needed.)
The compound interest is $ . (Round to the nearest cent as needed.)
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