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Mathematics, 25.01.2021 05:30 kristen0517

Mary is taking out a loan to buy a $3,000 engagement ring. If she takes out a 5 year loan with a
4% interest rate that is compounded quarterly, how
much will she end up paying for the ring?
Formula:
A=P(1 + r/n)^nt

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Mary is taking out a loan to buy a $3,000 engagement ring. If she takes out a 5 year loan with a
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