Mathematics
Mathematics, 09.05.2021 18:20, maddo36

6. Edna borrowed Nu 30,000 at 16% p. a. compounded annually. She
agreed to the following payment plan:
- Nu 10,000 at the end of the first year
- Nu 15,000 at the end of the second
year
- A final payment of the remaining
amount at the end of the third year
a) Determine the amount of the final payment.
b) Find the amount of interest Edna
paid altogether.​

answer
Answers: 1

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6. Edna borrowed Nu 30,000 at 16% p. a. compounded annually. She
agreed to the following paym...

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