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How much interest will be paid in the 8th month if you borrow $20,000 at a rate of 6%, compounded monthly, and pay it off
How much interest will be paid in the 8th month if you borrow $20,000 at a rate of 6%, compounded monthly, and pay it off over 6 years?
a. 89.04
b. 91.78
c. 237.30
d. 339.69
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Computational Techniques In Economics And Finance
Authors: Constantin Zopounidis
1st Edition
1613245580, 978-1613245583
