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Tywin borrowed $ 8 5 0 0 from the Iron Bank at 6 . 2 % interest. He agreed to repay the loan in a
Tywin borrowed $ from the Iron Bank at interest. He agreed to repay the loan in a single payment at the end of the term in years,
Tywin borrowed $ from the Iron Bank at interest. He agreed to repay the loan in a single payment at the end of the term in years.
a Determine the loan payment amount if the interest is simple interest. marks
b How much would Tywin have to pay back if the interest is compounded semiannually? marks
c For part b how much of this amount paid back would be interest? mark
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