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9,938.20

* * * * *

That would be correct only if banks charged simple interest as opposed to compound interest. Anyone believe that likely?

The correct answer, when interest is compounded, is

7900*(1.043)6 = 10170.28

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13y ago
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Q: How much would you repay the bank if you borrowed 7900 at 4.3 percent annual interest for 6 years?
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