Question
How much would you repay the bank if you borrowed $7,900 at 4.3% annual interest for 6 years?
Answers
Pt = Po + rtPo,
Pt = 7900 + 0.043*6*7900,
Pt = 7900 + 2038.20 = $9938.20.
Pt = 7900 + 0.043*6*7900,
Pt = 7900 + 2038.20 = $9938.20.
$9938.20
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