Suppose that you borrow 2900 on april 26 2003 at an, Financial Management

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Suppose that you borrow 2900 on april 26 2003 at an

Suppose that you borrow $2900 on April 26, 2003 at an effective rate of 8.1 percent. If you make no payments, how much will you owe on June 13, 2008? Note: Assume compound interest for whole years, and simple interest for fractional parts of a year.)

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