Compare lending $20,000 for 19 years at 10.4% annual interest with compounding to lending the money at the same interest

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answerhappygod
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Compare lending $20,000 for 19 years at 10.4% annual interest with compounding to lending the money at the same interest

Post by answerhappygod »

Compare lending $20,000 for 19 years at 10.4% annual interest
with compounding to lending the money at the same interest but
without compounding and enter to the nearest cent how much more
future value you will have with compounding compared to simple
interest.
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