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After three years, what is the balance on a $1,200 loan with an annual rate of 5% compound interest, assuming that the loan recipient has not made any payments during this time?

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Real estate math commonly covers commissions, property taxes, area/acreage, and loan calculations, frequently using a T-chart method (Part/Total Rate).


1. After three years, what is the balance on a $1,200 loan with an annual rate of 5% compound interest, assuming that the loan recipient has not made any payments during this time?





 
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