How much will one have to repay on given date
Hugh Curtin borrowed $34,000 on July 1, 2012. This amount plus accrued interest at 9% compounded annually is to be repaid on July 1, 2017. How much will Hugh have to repay on July 1, 2017?
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This amount plus accrued interest at 9% compounded annually is to be repaid on July 1, 2017. How much will Hugh have to repay on July 1, 2017?
If Colleen Mooney invests $4,765.50 now and she will receive $12,000 at the end of 12 years, what annual rate of interest will Colleen earn on her investment?
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