What is the total amount of money to be repaid at the end of 3 years for the loan of 160 000 lira withdrawn from the bank for housing need with an annual compound interest of 15%? A) 243 340 B) 245 700 C) 247 500 D) 246 125 E) 244 175

What is the total amount of money to be repaid at the end of 3 years for the loan of 160 000 lira withdrawn from the bank for housing need with an annual compound interest of 15%? A) 243 340 B) 245 700 C) 247 500 D) 246 125 E) 244 175

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

20 - What is the total amount of money to be repaid at the end of 3 years for the loan of 160 000 lira withdrawn from the bank for housing need with an annual compound interest of 15%?
A) 243 340

B) 245 700

C) 247 500

D) 246 125

E) 244 175

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