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Calculate the total for loan at compounded monthly

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Reference no: EM132622325

Problem 1: Calculate the total for a $16,00 loan at 3.7% compounded monthly with an investment period of 5 years. Provide the proper calculation.

Reference no: EM132622325

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Calculate the total for loan at compounded monthly : Calculate the total for a $16,00 loan at 3.7% compounded monthly with an investment period of 5 years. Provide the proper calculation.
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