Mathematics, 14.06.2020 23:57, dozsyerra

Jared borrowed $4000 a year ago at an annual interest rate of 7.9%, compounded quarterly. The loan was to be paid off in four years, but he wants to pay it off now. How much should his creditor expect as a payout of the loan?

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Jared borrowed $4000 a year ago at an annual interest rate of 7.9%, compounded quarterly. The loan w...