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28-02-2020
Mathematics

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An amount of $27,000 is borrowed for 9 years at 3% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?

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rostyslavshe3148 rostyslavshe3148

28-02-2020

Answer: $8228.88

Step-by-step explanation: $35,228.88 - $27000=$8228.88

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