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please do it in 40 minutes please urgently... I'll give you up thumb definitely 5. (4 Marks) John borrowed $7,000 from a commercial bank for

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please do it in 40 minutes please urgently... I'll give you up thumb definitely

5. (4 Marks) John borrowed $7,000 from a commercial bank for 6 years to pay his tuition fee. Calculate the interest owed on this loan after 6 years in real dollars if the bank charges 7% annual (current) interest rate and annual inflation is 3%. 11: 100 MY 2011 111

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