Mathematics, 27.02.2021 05:10 jljhenkel

The bank agrees to give you $7,000 loan with a 2.5% compound interest rate over 2 years for a vacation trip to Tokyo.
How much will you owe back to the bank?
You have 3 years to payback the loan. How much will your monthly payments?

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The bank agrees to give you $7,000 loan with a 2.5% compound interest rate over 2 years for a vacati...