Question
Emily is considering taking out a loan from a bank. She needs $10,000 today and plans to repay it in 3 years. If the bank
Emily is considering taking out a loan from a bank. She needs $10,000 today and plans to repay it in 3 years. If the bank charges an annual interest rate of 6%, compounded annually, how much will Emily have to repay after 3 years?
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The Complete Personal Finance Handbook
Authors: Teri B Clark
1st Edition
160138047X, 978-1601380470
