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Ow much money did jennifer borrow

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Q1) Jennifer borrowed some money at 8.4% compounded quarterly. After 4 years, she repays $5926.53 for the principal and interest. How much money did Jennifer borrow?

Q2) 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?

Q3) 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: EM133043404

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