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Mathematics

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I need some help…
Ingrid took out a $2500 loan from a bank that charges 6% interest compounded monthly for 5 years. What is the total amount Ingrid will pay for this loan after 5 years?

Answer :

anawelch626 anawelch626

Today at 1:39 PM

The total amount after 5 years would be $2,650

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