ENGINEERING ECO ALANYSIS W/STUDY GUIDE
ENGINEERING ECO ALANYSIS W/STUDY GUIDE
14th Edition
ISBN: 9780190072537
Author: NEWNAN
Publisher: Oxford University Press
Question
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Chapter 3, Problem 2P

(a)

To determine

To find: The repaid amount for $2000 at an interest rate of 5% after 3 years.

(b)

To determine

To state: if one borrows money from friends or family. Also, state if it is ethical not to pay interest and the effect of duration of the loan.

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