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Mathematics, 11.02.2020 05:24 melvindiana58

A borrower had a loan of $ 60 comma 000.00 at 4 % compounded annually comma with 8 annual payments. Suppose the borrower paid off the loan after 4 years. Calculate the amount needed to pay off the loan. The amount needed to pay off this loan after 4 years is $.

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A borrower had a loan of $ 60 comma 000.00 at 4 % compounded annually comma with 8 annual payments....
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