Mathematics, 22.05.2021 01:00 brae72

1. You borrow $500 from a bank with a 5% annual interest and the maturity date is in 3 years
a. How much would you pay in interest at the end of the
loan if you pay simple interest
b. How much would you pay in interest at the end of the
loan if you pay in compound interest

Answers: 1

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1. You borrow $500 from a bank with a 5% annual interest and the maturity date is in 3 years
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