Arian is about to borrow 2000 from his uncle he has an, Ask an Expert

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Arian is about to borrow $2,000 from his uncle. He has an option to repay the loan at the end of year 5 with 7.55% simple interest per year or with 8.4% interest per year, compounded every 6 months. What is the difference of the total interest paid over 5 years between the two options? (Enter the answer as a positive number)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91408492

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