Mathematics
Mathematics, 26.10.2020 22:50, lizzy2951

A bank agrees to lend Tommy $6,500 to fund the purchase of a new car. The amount (plus interest) is repayable in five years, and the interest rate is 7% each year. What is the total amount that must be repaid?

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A bank agrees to lend Tommy $6,500 to fund the purchase of a new car. The amount (plus interest) is...

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