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OpenStudy (anonymous):
Jill Ley took out a loan to pay for her child's education for $60,000. The loan would be repaid at the end of 8 years in one payment with an interest of 6 percent. The total amount Jill has to pay back at the end of the loan is
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OpenStudy (anonymous):
P=Ce^rt P=60000e^(0.06*8) P=96964.5
OpenStudy (anonymous):
Yeah, that's right
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