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How To calculate the interest to be deducted from the loan of 20000 which is to be paid within 2years at the rate of 10?
Wiki User
∙ 15y ago
If the rate is 10% interest on a $20,000 loan for two years, interest will be $4,428.06 if compounded continuously. If compounded annually, it would be $4,200.
Wiki User
∙ 15y ago
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