Mathematics, 27.02.2021 05:00 cordobamariana07

The want to travel to Russia next summer. The bank agrees to give you a $4,000 loan with a 4.5% compound interest rate over 3 years.
How much will you owe back to the bank?
You have 3 years to payback the loan. How much will your monthly payments?

Answers: 3

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The want to travel to Russia next summer. The bank agrees to give you a $4,000 loan with a 4.5% com...

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The want to travel to Russia next summer. The bank agrees to give you a $4,000 loan with a 4.5% compound interest rate over 3 years. How much will you owe back to the bank? You have 3 years to payback the loan. How much will your monthly payments?

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Another question on Mathematics

The want to travel to Russia next summer. The bank agrees to give you a $4,000 loan with a 4.5% compound interest rate over 3 years.
How much will you owe back to the bank?
You have 3 years to payback the loan. How much will your monthly payments?