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If you borrow $21500 at 3.8% compounded quarterly how much will you need to pay back the entire loan after 4 years and 5 months?
If you borrow $21500 at 3.8% compounded quarterly how much will you need to pay back the entire loan after 4 years and 5 months? QUESTION 2 Brittany deposited $33000 into an account that was earning 5.0% compounded quarterly. After 5.8 years the interest rate changed to 3% compounded monthly. How much will Brittany have in the account 6 years after the interest rate changed? QUESTION 3 What nominal rate of interest compounded quarterly is needed for $48000 to accumulate to $61461 in six and a half years? (round to three decimal places of a percent)
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