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Mathematics, 15.06.2021 21:50 gisellekatherine1

2. Denise took out a $16 000.00 loan from the bank to help pay for university. The bank offered an annual interest rate of 5.6% compounded quarterly over a 3-year term. The entire loan is repaid
at the end of the 3-year term. Determine the total amount that Denise had to pay back.

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