diaamonroe7749 diaamonroe7749

07-03-2024
Mathematics

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An amount of 50,000 is borrowed for 8 years at 3% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?

a) 58,093.52
b) 64,882.40
c) 67,344.50
d) 72,209.92

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