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Suppose that Eric borrows $ 2 0 , 0 0 0 at 5 % per year to purchase equipment for his business. Complete the following
Suppose that Eric borrows $ at per year to purchase equipment for his business. Complete the following table by calculating the amounts that Eric will have to repay in full if he borrows for three different periods months assuming compound interest. Period months AmountDollars
Suppose that Eric borrows $ at per year to purchase equipment for his business.
Complete the following table by calculating the amounts that Eric will have to repay in full if he borrows for three different periods months assuming compound interest.
Period months
AmountDollars
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