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How much money will owe at the end of ten years

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Reference no: EM132950740

Problem 1: Maria borrows $12000 at 9% per annum interest compounded monthly for 10 years. How much money will she owe at the end of 10 years?

Problem 2: Calculate the present value of the investment :
5.6% rate of compound interest per year
compounding period : annually
time : 3 years
future value : $8000

Reference no: EM132950740

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