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Determine the future value of the loan

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Question - John's second, third, and fourth statements showing the amount he owes for a loan is shown below.

Monthly Statement

Amount Owed

2

$9428.20

3

$9456.48

4

$9484.85

Required - Determine the future value of the loan after 8 years.

a) $12 531.91

O b) $14 465.13

c) $22 216.71

d) $12 474.00

Reference no: EM132564468

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