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  • 18-03-2024
  • Business
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You are going to the bank to get a loan for a used 2010 toyota corolla. you are going to borrow $4000 and pay the loan back within 3 years. the bank will charge you 8% interest. using the compound interest formula, how much money will you have payed back to the bank after the 3 years? (round your answer to the nearest dollar)

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