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If a loan of $30,000 accrues 5% compound interest, what is the loan balance after 3 years if we consider that the loan recipient has not made any payments during that 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. If a loan of $30,000 accrues 5% compound interest, what is the loan balance after 3 years if we consider that the loan recipient has not made any payments during that time?





 
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