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August 17th, 2011, 03:16 AM   #1
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Interest and Depreciation

A firm borrows $8000 from the bank at 9% per annum compounded semi-annuall. If no repay merits are made, how much is owed after 4 years?





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August 17th, 2011, 05:13 AM   #2
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Re: Interest and Depreciation

1.045^8*8000.
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