Mathematics, 06.07.2019 06:10, mobslayer88

Suppose you borrow $500 and you plan to pay it back all at once in 5 years. you are charged 2% interest compounded monthly.
what is the total amount you will need to pay when the loan is due?

Answers: 2

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Suppose you borrow $500 and you plan to pay it back all at once in 5 years. you are charged 2% inter...