What amount does it owe at the end of its maturity

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Reference no: EM133327514

Question: The Company Mármoles de Centroamérica has a loan with a bank for the amount of $150,000 to be paid in three years. Pay principal $15,000 interest and principal, three months later I pay 25,000 interest and principal. What amount does it owe at the end of its maturity if an annual compound interest rate of 9% compounded monthly is considered?

Make an analysis between simple interest and compound interest.

Reference no: EM133327514

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