Use Table 13 - 1 Appropriate formula for Exercise 11 - 16. See Examples 3 and 4
Question:
First State Bank loaned Doug Morgan $2,000 for four years compounded annually at 8%. How much interest was Doug required to pay on the loan?
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Related Book For 
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
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