SOLUTION: An amount of 23,000 is borrowed for 5 years at 5.75% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?
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Question 1171382: An amount of 23,000 is borrowed for 5 years at 5.75% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back? Answer by Boreal(15235) (Show Source):
