Question

Loan #1
Year Amount owed
1 $3796
2 $3942
3 $4088



Loan # 2
Year Amount owed
1 $977.53

2 $1036.18
3 1098.35

For loan #1 is simple interest. Loan #2 is compound interest
How much was each loan originally
Determine the future value of each loan after 10 years

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