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Calculate the PV of the compound interest loan: $22,000 after 6 years @ 5% if the interest is compounded annually and quarterly. Please calculate for
Calculate the PV of the compound interest loan: $22,000 after 6 years @ 5% if the interest is compounded annually and quarterly. Please calculate for annually and quarterly. Thanks
and
Find the term of the compound interest loan: 5.9% compounded quarterly to obtain $8800 from a principal of $2000.
Calculate for how many years. Thanks
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