An amount of $ 26,000 is borrowed for 7 years at 5.5 % interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?

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02-08-2024
Mathematics

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An amount of $ 26,000 is borrowed for 7 years at 5.5 % interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?

Sagot :

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