jamie borrowed $31,000 to put towards a down payment for a home. Jamie plans to repay the loan in 7 years. The bank offered a 4.1 interest rate compounded quarterly. What is the total amount Jamie will pay the bank?

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01-03-2021
Mathematics

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jamie borrowed $31,000 to put towards a down payment for a home. Jamie plans to repay the loan in 7 years. The bank offered a 4.1 interest rate compounded quarterly. What is the total amount Jamie will pay the bank?

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