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How much would the business have to repay him

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Question - Edward loaned $59,000 to a small business at 4.38% compounded quarterly for 1 year and 6 months. How much would the business have to repay him at the end of the period? Kevin invested $2,000 at 1.00% per annum. Calculate the amount of interest earned for 9 months.

Reference no: EM133113584

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