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University Lending Corp

Question 16

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University Lending Corp. loans money to students at 10% compounded semiannually. Dwight Burch borrows $5,000 for 4 1/2 years. Compute the total amount, both principal and interest, that Dwight will be required to repay. (Use Tables 16-1A&B or a calculator.)​

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0.10 ¸ 2 = 0.05; 2 ´...

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