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Mathematics 9 Online
OpenStudy (anonymous):

An amount of $31,000 is borrowed for 15 years at 4.5% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back? Round your answer to the nearest dollar.

OpenStudy (anonymous):

@YoloShroom So in this situation, I would do 31,000+4.5%(15)

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