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  3. devin loaned $53,000 to a small business at 4.05%

Devin loaned $53,000 to a small business at 4.05% compounded monthly for 1 year and...

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Accounting

Devin loaned $53,000 to a small business at 4.05% compounded monthly for 1 year and 3 months. How much would the business have to repay him at the end of the period?

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