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I NEED ANSWER FOR 2-26 225 You borrow $5,000 from a bank for 4 months at 6% lannum interest compounded monthly (use APR). How much

image text in transcribedI NEED ANSWER FOR 2-26

225 You borrow $5,000 from a bank for 4 months at 6% lannum interest compounded monthly (use APR). How much will you have to pay them back? Ans: $5,100.75 2-26 You borrow $12,000 from a bank for 6 months at 12% lannum interest compounded monthly (use APR). How much will you have to pay them back

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