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  • 17-01-2021
  • Mathematics
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kmarthel05
kmarthel05 kmarthel05
  • 17-01-2021
Answer:

The amount due at the end of the loan adds for $27,456.

Explanation:

If the payment Is in full at maturity, the man must pay the principle of 26,000 plus the interest during the period of 4 years. (Also you have to notice that the loan is done at simple interest, so the interest does not capitalize.)

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