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Bapelol Bapelol
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4 months ago
You borrowed $1,000, $2,500, and $3,000 from your parents on September 1 of three successive years at college. You agreed that interest would accumulate on each amount at the rate of 3% compounded semiannually. You wish to repay the loan one year after the last loan. What consolidated amount will he owe at that time?

▸ $6,237.53

▸ $6,837.53

▸ $6,873.53

▸ $7,837.53

▸ $8,837.53
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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fnc28304fnc28304
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4 months ago
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