astrakyl28
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A short-term loan of $11,000 for 3 years has a flat rate of 6% per annum. Calculate the monthly payment and the total amount repaid. Also calculate the effective rate of interest.
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Posted: 2011-04-27 08:24:00
An amount of $9,000 is invested for 4 years in a credit union account which pays 4.25% per annum, compounding quarterly. What will be the future value in 4 years?
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Posted: 2011-04-27 08:23:00
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