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Determine the future value of a loan of $ 2 , 6 0 0 at 3 . 2 % interest, compounded semi - annually for

Determine the future value of a loan of $

2, 600

3.2 %

interest, compounded semi

-

annually for four years and eight years. How much money would you have save if you were to pay back the loan in four years rather than eight?

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