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31-10-2022
Mathematics

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If you borrow $500 for 4 years atan annual interest rate of 6%, howmuch will you pay altogether?

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JioE441204 JioE441204

31-10-2022

Problem

If you borrow $500 for 4 years at an annual interest rate of 6%, how much will you pay altogether?

Solution

For this case we can use the following:

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