Question
If you borrow $11,000 for four years at an annually compounding rate of 8.2% per annum, what is the total interest on the loan if
If you borrow $11,000 for four years at an annually compounding rate of 8.2% per annum, what is the total interest on the loan if the interest due is added to the principal over the period and repaid at the maturity date?
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Financial Algebra advanced algebra with financial applications
Authors: Robert K. Gerver
1st edition
978-1285444857, 128544485X, 978-0357229101, 035722910X, 978-0538449670
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