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If the Value of the Principal Today Is $2000 and the Interest

Question 6

Multiple Choice

If the value of the principal today is $2000 and the interest rate is 12.33%,what is the total simple interest income at the end of three years?


A) $2,739.80
B) $739.80
C) $2,657.30
D) $787.21
E) None of the above.

Correct Answer:

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