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August 17th, 2011, 03:16 AM  #1 
Newbie Joined: Aug 2011 Posts: 12 Thanks: 0  Interest and Depreciation A firm borrows $8000 from the bank at 9% per annum compounded semiannuall. If no repay merits are made, how much is owed after 4 years? Thanks ! 
August 17th, 2011, 05:13 AM  #2 
Global Moderator Joined: Nov 2006 From: UTC 5 Posts: 16,046 Thanks: 938 Math Focus: Number theory, computational mathematics, combinatorics, FOM, symbolic logic, TCS, algorithms  Re: Interest and Depreciation
1.045^8*8000.


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