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OpenStudy (zaarin):
You borrowed $1,690 for 5 1/2 years a at 5.7% compounded semi annually. What total will you pay back?
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OpenStudy (welshfella):
Total paid back = P( 1 + r/2)^2t where P is starting amount, r = annual rate in decimal form and t = time in years
OpenStudy (welshfella):
P = amount borrowed
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