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anonymous
 5 years ago
What is the principal balance if the principal plus interest at the end of 1.5 years is $3,360 at an annual interest rate of 8%?
anonymous
 5 years ago
What is the principal balance if the principal plus interest at the end of 1.5 years is $3,360 at an annual interest rate of 8%?

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anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0it depends how often they pay interest

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0time is still time right?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0yep but if they pay at the end of 1st year and at the end of the second half year than ti will be x*1.008*1.004

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0spose it starts in .5 and goes thru the next year? :)

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0i think the .5 part of the time span takes that into account

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0so that accounts for 1/2 the year as opposed to the ful 10%

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0not in my easier example for testing lol

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0100 at 10% for half a year
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