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Business, 19.07.2021 22:40 YoungLarQ

Edgar accumulated $5,000 in loan debt. If the interest rate is 20% per year and he does not make any payments for 2 years, how much will he owe on this debt in 2 years for quarterly compounding? Round your answer to the nearest cent Do NOT round until you calculate the final answer.

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Edgar accumulated $5,000 in loan debt. If the interest rate is 20% per year and he does not make any...
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