Question

You obtain 1000 loan from the bank. The amount to repay the sum at the end of 6 years with 10% simple interest is?

Answer #1

The amount is $1600

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What equal amount Q must be deposited at the beginning of each
year for the next 5 years in a savings account 10% interest in
order to accumulate 1000 at the end of year 6. The value of Q
is?
First cost for special equipment = $1000 per every 50 years of
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You obtain 1000 loan from the bank. The amount to repay the...

Emily borrowed a loan worth $1000, which she has to repay at
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$1403.93
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