A woman borrowed $10,000 at 12% interest compounded annually.
If the loan was paid off in one lump sum at the end of 6 years, how much did
she pay? is it the answer 17200 ?

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850000....

10000 x (1.12)^6

A = p(1+r)^t
A = 10,000 ( 1.12^6)
10000 * 1.97
= $ 19,738.23

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