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Tracy Roberts Loaned $3,600 to Her Sister Felicity, Who Just

Question 19

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Tracy Roberts loaned $3,600 to her sister Felicity, who just had a baby. Tracy charged Felicity interest at 6% compounded semiannually. Compute total payment that Tracy will receive from her sister if the loan is for 3 years. (Use Tables 16-1A&B or a calculator.)​

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0.06 ¸ 2 = 0.03; 2 ´...

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