A bank made a farmer a loan of 1400 at 14 for three years
A bank made a farmer a loan of $1,400 at 14% for three years compounded annually. Find the future value and the compound interest paid on the loan. Compare the compound interest with simple interest for the same period.
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a bank made a farmer a loan of 1400 at 14 for three years compounded annually find the future value and the compound
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