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You borrow $50,000 at 5% interest (compounded daily). After 1 year passes, you pay off $25000 of the...

You borrow $50,000 at 5% interest (compounded daily). After 1 year passes, you pay off $25000 of the...

You borrow $50,000 at 5% interest (compounded daily). After 1 year passes, you pay off $25000 of the loan. How much do you still owe on the loan?

Megha 29-Apr-2020

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