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You borrowed 59,000 for 2 years at 11% which was compounded annually what total will you pay back

You borrowed 59,000 for 2 years at 11% which was compounded annually what total will you pay back
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You borrowed 59,000 for 2 years at 11% which was compounded annually what total will you pay back

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User Lassana
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1 Answer

3 votes
Year one, 59,000 + 11% = 65,490
Year two, 65,490 + 11% = 72,693.90
answered
User Jalle
by
8.2k points
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