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    Exam 8: Compound Interest: Future Value and Present Value
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    Larissa Agreed to Repay a Loan in Two Years by Making
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Larissa Agreed to Repay a Loan in Two Years by Making

Question 189

Question 189

Short Answer

Larissa agreed to repay a loan in two years by making a payment of $2,471.84. If interest is 6.5% compounded semi-annually, how much did Larissa borrow?

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