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QUESTION
I .Find what is required in each problem with the formula and step: John soon borrowed $150,00 for 2 1/2 years, with interest at 8% . How much must
I .Find what is required in each problem with the formula and step:
- John soon borrowed $150,00 for 2 1/2 years, with interest at 8% . How much must he repay at the end of the term?
- Ricky Loaned his his friend, Frank $100,000 for 1 1/2 years at 9%. what is the amount that frank must pay when the loan expires?
