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For an interest rate of 10% compounded annually, find: a. How much can be loaned now if $2,000 will be repaid at the end of
For an interest rate of 10% compounded annually, find: a. How much can be loaned now if $2,000 will be repaid at the end of 3 years? b. How much will be required 6 years hence to repay a $50,000 loan made now?
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