Please Help! I will give you a lot of points!
The loan's future value is what?
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Answer:
$8600
Step-by-step explanation:
loan=$5000
interest=8%(0.08)
months=9
$5000×0.08(8%)=$400
$400×9=$3600(interest after 9 months)
$3600(interest)+$5000(initial loan)=$8600