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February 27, 2015

February 27, 2015

Posted by **Emma** on Thursday, January 19, 2012 at 8:12pm.

Year Amount owed

1 $3796

2 $3942

3 $4088

Loan # 2

Year Amount owed

1 $977.53

2 $1036.18

3 1098.35

For loan #1 is simple interest. Loan #2 is compound interest

How much was each loan originally

Determine the future value of each loan after 10 years

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