1. Suppose you borrow $2500 for 3 years at 6.5% compounded quartlerly. a) What is the amount you must repay? b) how much intrest will you pay? need help solving this, thanks.
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so i don't no if im doing this write, guide me if im not... The equation you use to solve this is A=P(1+i)^n A=? P=$2500 i= .065/4= 0.1625 n= (3) (4)=12 then plug the numbers into the equation, A=2000(1+0.1625)^12 Im i doing this right?
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