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19 May, 18:20

You are starting your own small business in Albuquerque. you borrow $10,000 from a bank at 9% rate for 5 years find the interest you will pay on this loan

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  1. 19 May, 20:45
    0
    A=P

    10,000 (1+0.09.5) = 14,500

    =$4,500 interest
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