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Jill ley took out a loan to pay for education for $60,000

Question

Jill ley took out a loan to pay for education for $60,000
Jill ley took out a loan to pay for education for $60,000. would be repay back in 8 years with the interest of 6% what will be jill pay back at the end of the loan is:

Answers

value of the 60000 loan at the end of 8 years
= 60000(1.06)^8 = $95 630.88


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