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You've just taken out a student loan for $2,500 with a quoted interest rate of 4.5%. You will have to pay it back in 7
You've just taken out a student loan for $2,500 with a quoted interest rate of 4.5%. You will have to pay it back in 7 years, with no intermediate payments necessary. - 1. Attempt 1/10 for 9.8 pts. How much will you have to pay back if interest is compounded annually? - Attempt 1/10 for 9.8 pts. How much will you have to pay back if interest is compounded monthly? Part 3 How much will you have to pay back if interest is compounded daily
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