Engineering, 13.09.2019 22:10 jasminelara740

Suppose you loan $15,000 for 1 year to an individual who agrees to pay you at a compound interest rate of 7.5 percent/year. at the end of 1 year, the individual asks to extend the loan period an additional year. the borrower repeats the process several more times. three years after loaning the person the $15,000, how much the individual owe you

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Suppose you loan $15,000 for 1 year to an individual who agrees to pay you at a compound interest ra...