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    EC1002, Cand A27879

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    Le Al
    This document appears to be notes or work related to calculating interest on a loan. It includes calculations with numbers like $1,500, -1.5%, 5 years, and arrives at an amount of $1,349.66, suggesting it is determining the total amount to be repaid on a loan including principal and interest over a 5 year term at an annual interest rate of 1.5%. References to an original amount, interest rate, term and ending balance indicate calculations to determine the full cost of borrowing money over a set period of time.

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    EC1002, Cand A27879

    Uploaded by

    Le Al
    7 views7 pages
    This document appears to be notes or work related to calculating interest on a loan. It includes calculations with numbers like $1,500, -1.5%, 5 years, and arrives at an amount of $1,349.66, suggesting it is determining the total amount to be repaid on a loan including principal and interest over a 5 year term at an annual interest rate of 1.5%. References to an original amount, interest rate, term and ending balance indicate calculations to determine the full cost of borrowing money over a set period of time.

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    EC1002, cand A27879

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    This document appears to be notes or work related to calculating interest on a loan. It includes calculations with numbers like $1,500, -1.5%, 5 years, and arrives at an amount of $1,349.66, suggesting it is determining the total amount to be repaid on a loan including principal and interest over a 5 year term at an annual interest rate of 1.5%. References to an original amount, interest rate, term and ending balance indicate calculations to determine the full cost of borrowing money over a set period of time.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    7 views7 pages

    EC1002, Cand A27879

    Uploaded by

    Le Al
    This document appears to be notes or work related to calculating interest on a loan. It includes calculations with numbers like $1,500, -1.5%, 5 years, and arrives at an amount of $1,349.66, suggesting it is determining the total amount to be repaid on a loan including principal and interest over a 5 year term at an annual interest rate of 1.5%. References to an original amount, interest rate, term and ending balance indicate calculations to determine the full cost of borrowing money over a set period of time.

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