If you make no payments how much will you owe on june

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Reference no: EM132004424

Suppose that you borrow $2900 on April 26, 2003 at an effective rate of 8.1 percent. If you make no payments, how much will you owe on June 13, 2008?

Note: Assume compound interest for whole years, and simple interest for fractional parts of a year.

Reference no: EM132004424

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