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Calculate the total payback for a $3,500 loan at 8% annual interest with monthly payments for two years. show all of your steps. use the formula, m = pm(1 + m)^na/(1 + m)^na - 1, as needed.
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Mathematics, 22.06.2019 02:00
Sally deposited money into a savings account paying 4% simple interest per year. the first year, she earned $75 in interest. how much interest will she earn during the following year? show your work and explain your reasoning in the space provided below.
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