DESTROYERMODE381 DESTROYERMODE381

23-05-2023
Business

contestada

You borrow $5000 to help pay your college expenses. You agree to repay the loan at the end of 7 years at 11% interest, compounded monthly. (Round your answers to two decimal places.)
(a) What is the maturity value of the loan?
$
(b) How much interest are you paying on the loan?

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