Find what is the amount of interest? paid

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Problem 1: A debt of ?$7697.85 is due August ?1, 2022. What is the value of the obligation on May 1, 2018, if money is worth 2% compounded annually. What is the value of the obligation?

Problem 2: A demand loan for ?$8277.98 with interest at 6.9?% compounded semi-annually is repaid after 9 ?years, 2 months. What is the amount of interest? paid?

Reference no: EM132764100

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