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Allan borrows $2440 from his uncle. Two years later, he borrows another $1440. If his uncle charges him 8.2% interest compounded annually, how much does
Allan borrows $2440 from his uncle. Two years later, he borrows another $1440. If his uncle charges him 8.2% interest compounded annually, how much does Allan owe 9 years after the first loan?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
