Fill in the missing values (A through D) for a loan of $10,000 if the interest rate is compounded at 10% per year.
What will be an ideal response?
Follow plan 4, Example 1.16 as a model
A is 9900 – 2000 = $7900
B is 7900(0.10) = $790
C is 7900 + 790 = $8690
D is 8690 – 2000 = $6690
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