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Asked by Michael

Manually calculate the compound interest on a 13% loan of $1,600 for three years if the interest is compounded annually.
9 years ago

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Answered by Steve
1600((1+.13)^3-1)
9 years ago
Answered by Anonymous
707.64
9 years ago
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Manually calculate the compound interest on a 13% loan of $1,600 for three years if the interest is compounded annually.

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