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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?
asked 83.3k views
5 votes
You borrowed $59,000 for 2 years at 11% which was compounded annually. What total will you pay back?

asked
User Stijn De Witt
by
7.8k points

1 Answer

4 votes
it is 9078 because compounded annually
answered
User John Odom
by
8.8k points
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