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Cieramichellegoulsby Cieramichellegoulsby
  • 20-11-2016
  • Mathematics
Answered

You borrowed 59,000 for 2 years at 11% which was compounded annually what total will you pay back

Verified Answer :

tschitwood1 tschitwood1
  • 20-11-2016

Year one, 59,000 + 11% = 65,490
Year two, 65,490 + 11% = 72,693.90

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