A bank loaned john smith 4000 for seven years compounded
A bank loaned John Smith $4000 for seven years compounded annually at 8%. How much interest was John required to pay on the loan? Use the $1.00 future value table or the future value and compound interest formula.
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a bank loaned john smith 4000 for seven years compounded annually at 8 how much interest was john required to pay on
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