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Finance
Loans
Interest Calculation
Emily borrows 20,000 for 8 years at a nominal discount rate of 6% compounded quarterly. Calculate the amount of discount that Emily will pay.
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The amount of discount emily wil pay is 6 /100 x 20000. =1200. 20000 -1200=18800 . In 8 years. . Discount rate by compoud interest =do it your self
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