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economy engineering 2) Three years ago a person borrowed $15,000 at an interest rate of 10% compounded annually and agreed to pay it back in
economy engineering
2) Three years ago a person borrowed $15,000 at an interest rate of 10% compounded annually and agreed to pay it back in equal payments over an 8 year period. This same person now wants to pay off the remaining amount of the loan. How much should this person pay? Assume that she has just made the 3rd payment Step by Step Solution
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