Mind telling me If I got this right?
An amount of $49,000 is borrowed for 13years at 7.5% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?Use the calculator provided and round your answer to the nearest dollar.
f=49000(1+0.075)^13 =1254602.40378726
or
f=49000(1-0.075)^13= 177843.74932331

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