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What is the balance at the end of nine years

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Problem 1: S1750 is invested in an account earning 13.5% interest compounded monthly for a 2 year period. What is the balance at the end of 9 years?

Problem 2: You lend out S5500 at 10% compounded monthly. If the debt is repaid in 18 months, what is the total owed at the time of repayment?

Reference no: EM132736249

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