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Loan and interest together at end of third year

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Lets say that you borrow 1200 at 8% annual interest rate, compounded quartly, and plan to pay back the loan and interest together at the end of the third year. The sum to be paid can be determined from:

a. F=1200(F/P,8%,3)

b. F=1200(F/P,2%,3)

c. F=1200(F/P,8%,12)

Reference no: EM13904631

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